Veren Inc T.VRN

Price of WTI?

[Anschutz]

Anyone else noticing something funny going on with realtime reporting of the price of WTI?  BNN on tv is reporting it to be 90.08 while online quotes is showing 88.86. Graphs of online sources I'm looking at don't even show a rise above 90 over the last few hours.  Strange.

[Moemoney42]

My source (New York Mercantile Exch.) confirms the price levels shown on BNN.. although my NYME quote is delayed 15 minutes, it's very close to BNN's quote..

[Anschutz]

Yeah it's weird, DailyFX realtime is reporting 89.36, Google Finance 89.17, Yahoo 90.19, FT 90.19. Andy on BNN just mentioned that WTI is trading over 90 a barrel so it must be true. LOL!

[Moemoney42]

What's even weirder is the across the board sell off in oil & gas for the most part.. I suppose some are thinking this is the peak in price for the week and decided to "sell at the top".?  Although I think this is just the beginning of strong crude prices and with Q3 reports starting to trickle though soon, I'd hate to be on the short side or out of the sector.!  I&

[Anschutz]

Yes it curious. Another curious perhaps spurious correlation is the announcement yesterday by Biden to purchase oil to refill the SPR.  It looks to me like there could be some serious manipulation occurring.

[Marty47]

He put contract to buy at 79$ per barrel lol probably lift Maduro sanctions and get cheap oil from him ....and sell it back at 100$ 

[Anschutz]

I believe that $79 was part of Biden's jawboning to try and manipulate the price of oil lower.  Suggesting Venezuela is going to pump enough to push prices down to that level is silly.  Just last month it was reported their production fell and they are experiencing significant difficulty operating their heavy oil infrastructure due to a decades of neglect and US sanctions. https:/

[Anschutz]

Earnings should be good and I think will draw attention.  Likely will be ignored by investment firms if past is any indication.  Let's see how the day progresses.  This may be another head fake.  BNN is still reporting 90 oil while other sources are lower.  Maybe this could just be messed up algorithms pushing trades around based on inconsistent data from different

[Anschutz]

DailyFX just jumped up a $1 to 89.61 in the last 15 minutes; but still reporting lower than other sources. Meanwhile CPG is trading lower.  Looks like trading algorithms may also be pointed at an incorrect source.

[Anschutz]

From what I can see, it looks like there is at least a dollar discrepency between WTI (and Brent) being reported between feeds taken from TVC vs FXCM.  Every financial web page I've looked at appears to use either of these as their feed source.  I don't know what the difference is between TVC and FXCM, however think this could be what's caused wonky stock trading and prices