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Why did all the O&G stocks jump so much today?

Posted on 7/8/25 at 8:17 pm
Posted by PenguinNinja
Antarctica (and Japan)
Member since Sep 2011
2314 posts
Posted on 7/8/25 at 8:17 pm
I didn’t see any geopolitical news that would have spiked oil price…in fact I was expecting the opposite with opec signaling increases recently.
Posted by TJG210
New Orleans
Member since Aug 2006
29205 posts
Posted on 7/9/25 at 1:12 am to
quote:

fact I was expecting the opposite with opec signaling increases recently.


Those opec “increases” are baloney. If you look back at the last few hikes, they aren’t even producing to those levels yet.
Posted by ColoradoAg03
Denver, CO
Member since Oct 2012
6535 posts
Posted on 7/9/25 at 1:46 pm to
Red Sea is poppin off again, US production forecasts down.
Posted by Kingpenm3
Xanadu
Member since Aug 2011
9742 posts
Posted on 7/9/25 at 2:54 pm to
quote:

Why did all the O&G stocks jump so much today?



Probably the Houthies.
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