Originally Posted by
OpieTaylor
200 dollars!! time start rewatching Mad Max movies. Is this gonna be “the big one”? Do we packing a Paython or S&W?
Asian cargoes are already loading in the $170s. They'll pay anything to prevent shutting down refiners which is an extremely expensive process.
The Oil market is like toilet paper. You don't realize how badly you need it until you run out. As long as there's still inventory to draw down here in the US there won't be panic