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Started By
Message
$77/barrel - “something big is happening”
Posted on 3/10/26 at 2:14 pm
Posted on 3/10/26 at 2:14 pm
18
Posted on 3/10/26 at 2:15 pm to prplngldtigr
Sorry Panicans.
Posted on 3/10/26 at 2:15 pm to prplngldtigr
Let's see if the price at the pump falls as rapidly as it rose.
Nawwwww.
Nawwwww.
Posted on 3/10/26 at 2:15 pm to prplngldtigr
Or it was a nothingburger and it’s getting back to normal.
Posted on 3/10/26 at 2:16 pm to prplngldtigr
"War" is about to end?
Iran crying uncle? Israel crying uncle?
Iran crying uncle? Israel crying uncle?
Posted on 3/10/26 at 2:17 pm to prplngldtigr
I just checked it. It’s running between $84 and $85
Posted on 3/10/26 at 2:18 pm to GumboPot
Iran crying. Uncle Sam has them at the top of his list.
Posted on 3/10/26 at 2:19 pm to prplngldtigr
quote:
Oil's move lower accelerated after U.S. Energy Secretary Chris Wright wrote on X that the "U.S. Navy successfully escorted an oil tanker through the Strait of Hormuz to ensure oil remains flowing to global markets." Shortly after the post was written and oil markets moved on it, Wright's account deleted the message. White House press secretary Karoline Leavitt later clarified, "The U.S. Navy has not escorted a tanker or a vessel at this time."
Posted on 3/10/26 at 2:23 pm to Lynxrufus2012
quote:
Let's see if the price at the pump falls as rapidly as it rose.
Nawwwww.
You realize that you won’t see it at the pump until that business gets a new fuel shipment with the lower prices. They aren’t going to take a loss on the fuel already in their tanks.
Posted on 3/10/26 at 2:24 pm to nes2010
Trump’s move to replace the U.S. government for Lloyds of London as the insurer of oil ships in the strait is starting to weigh in on the matter.
It was a straight-up power move by Trump against the globalists who control certain choke points in the markets.
It was a straight-up power move by Trump against the globalists who control certain choke points in the markets.
Posted on 3/10/26 at 2:24 pm to prplngldtigr
This might lead some credence to the speculation that the massive spike was due to a short squeeze. Short squeezes usually fall almost as quickly as they shoot up.
Posted on 3/10/26 at 2:25 pm to prplngldtigr
I was wondering when Master P and Silkk the Shocker would weigh in
Posted on 3/10/26 at 2:26 pm to prplngldtigr
i expect gas prices to fall as quickly as they rose...but they won't
Posted on 3/10/26 at 2:26 pm to High C
quote:
You realize that you won’t see it at the pump until that business gets a new fuel shipment with the lower prices. They aren’t going to take a loss on the fuel already in their tanks.
they're always happy to take extra profit on the fuel already in their tanks
Posted on 3/10/26 at 2:26 pm to High C
quote:
You realize that you won’t see it at the pump until that business gets a new fuel shipment with the lower prices. They aren’t going to take a loss on the fuel already in their tanks.
Are you implying that businesses wait to raise the prices until they receive a higher priced shipment?
Posted on 3/10/26 at 2:29 pm to Lynxrufus2012
quote:
Let's see if the price at the pump falls as rapidly as it rose.
Its way more complicated than that. Lets say the barrel price shoots up to $110, and it looks like its going to go even higher. The retailer might call and lock in their next load at $110 assuming it could go way higher. But then the price drops to $80. They still have to pay for their $110 load.
I’m not saying they don’t make money right away on gas they bought cheaper. But most states have laws in price gouging and they have to watch how they do it.
Posted on 3/10/26 at 2:30 pm to angryslugs
I was going to say lol.... it jumped 70 cents over night early this month and jumped another 20 cents (so up 90 cents) in the last 2 days
Will be another 2 months before fuel goes back down
Will be another 2 months before fuel goes back down
Posted on 3/10/26 at 2:31 pm to Jimbeaux
quote:
It was a straight-up power move by Trump against the globalists who control certain choke points in the markets.
Good grief! These aren’t globalists; they are just businessmen. If you had a bunch of tankers insured, and they were getting ready to transit the Strait of Hormuz, and a war with Iran broke out, your anal sphincter would be so tight you couldn’t shove a golf tee in it. If your contract permitted it you’d cancel the contracts. That’s all that happened.
Further, why would globalists want to support Iran in this? It’s the neocon globalists who want forever wars to force countries like Iran and Ukraine into the NWO.
Posted on 3/10/26 at 2:31 pm to prplngldtigr
The drop won't be as far down as it could have been.
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Posted on 3/10/26 at 2:32 pm to loogaroo
quote:
Or it was a nothingburger and it’s getting back to normal.
It’s all speculation. Always has been.
Traders playing games trying to get rich.
There’s plenty of oil for America and our allies.
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