Veren Inc T.VRN

Here is what's causing Oil price weakness

[smallcaptdr]

Below is some of the US Data that has been released today 


US EIA Gasoline Stock


US EIA Oil Stock


US Existing Home Sales

[BigJoe778]

Agreed it's causing some weakness as it's kind of like false advertisement. They released 6 million barrels from the SPR to achieve at 1.5 million barrel build and this has been going on for months. What do you suppose will happen when they stop releasing from the SPR and there's no spare production to make up for the 6-7 million barrels per week they're releasing. Add to that the

[Moemoney42]

Yes Joe these woke gov'ts that think the covid backlash was un-nerving are gonna freak when people start revolting when there's no heat in their homes, businesses are shuttering, and rolling brown/black outs are common place.. the greenies in Europe better go into hiding.. they will be a targeted group IMHO.. 

[GnuckyT]

So true.  A couple of weeks ago at my favorite breakfast place a major argument broke out between a customer and the restaurant owner.  He wanted a full refund on a half eaten plate of food because he said the ingredient were substandard as the restaurant downgraded them recently.  The owner said he had no choice with the sky rocketing hyro and gas bills.  Back and forth