Oil is going up again.
The black Swan is here.

Sorry, we're only allowed to panic when it starts getting close to 150

Give it till the end of the month.

The price of oil is almost immaterial at this point, it's the crack spread that is the big news. Jet A is almost at $5 here in the US.

Lufthansa is parking jets

https://finance.yahoo.com/sectors/en...162028880.html

We're above the level we were in 2022 with far more capacity in the system. The disruption exceeds the 1973 and 1979 energy crisis combined.

Who should I listen to? Armchair quarterbacks on APC that view things with their own political bias, or people who actually put up their own money. For every futures contract, there is a buyer and a seller that determines the price. IOW.... the fair value of whether they think they will make money or lose money.

Currently the futures contract for DEC is $72/barrel. That may or may not prove to be true 7 months from now..... but as of now, that's what I would consider to be a more logical input/thought as opposed to the politically biased APC opinionated "rants"

But you said the end of last month. Are you worried about the oil or the school girls? Were you worried about the 34,000 gunned down protesters?

Absolutely. These people are putting their money where their mouths are. If you really think you are smarter than them, bid against them.

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🙄🙄🙄

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He/she trolls on every single post.

You people said I was trolling the weeks ago when I said it was going to got 120 and that this war wouldn't be resolved before April. Yet here we are.