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Apr. Oil Futures up 20%

Posted on 3/8/26 at 8:44 pm
Posted by 844_Tiger
Down_Under
Member since Jul 2021
606 posts
Posted on 3/8/26 at 8:44 pm
Crude Oil Apr 26 (CL=F) $ 109.50 / bbl ; Up 54% in 5 days

Natural Gas Apr 26 (NG=F) up 8% over Friday.

Gasoline May 26 (RB=F) up 11%

What’s the likelihood that Iran keeps the straight closed for the next few months? Do they even have the firepower left? What’s the long term impact of this war? I believe that China depends a lot on Russian and Iranian Oil , since they don’t have as much internal production as the US. Could this affect their energy costs? , that seems like it would impact US supply chains with increases in cost since everything is built in fricking China.

Obligatory truck nutz:
[On] [OFF]
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
74106 posts
Posted on 3/8/26 at 8:49 pm to
I have not seen much to suggest that Iran will be able to keep Hormuz closed once its missile-launching capability is demolished.

I don't think drones alone will get it done.

I suppose we'll soon see.
Posted by ItzMe1972
Member since Dec 2013
12612 posts
Posted on 3/8/26 at 8:55 pm to
I filled up yesterday.
Posted by dstone12
Texan
Member since Jan 2007
40274 posts
Posted on 3/8/26 at 9:37 pm to
Venture global can buy tiger stadium now.
Posted by CastleBravo
Rapid City, SD
Member since Sep 2013
1791 posts
Posted on 3/8/26 at 10:03 pm to
Someone is going to make a fortune shorting.
Posted by UptownJoeBrown
Baton Rouge
Member since Jul 2024
9751 posts
Posted on 3/8/26 at 10:25 pm to
quote:

Someone is going to make a fortune shorting.


What do you think is the top?
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
25777 posts
Posted on 3/9/26 at 9:02 am to
quote:

Someone is going to make a fortune shorting.


One of the few honest assessments here.

Iran's ability to keep the straight closed probably does not even exist any longer. This would be the power players hyping up the panic to make money.

Rinse and repeat.
Posted by CastleBravo
Rapid City, SD
Member since Sep 2013
1791 posts
Posted on 3/9/26 at 10:31 am to
Apparently it was when nate silver started pretending he was a commodities trader.
Posted by TDFreak
Coast to Coast - L.A. to Chicago
Member since Dec 2009
9251 posts
Posted on 3/10/26 at 7:10 am to
Posted by 844_Tiger
Down_Under
Member since Jul 2021
606 posts
Posted on 3/14/26 at 4:24 pm to
quote:

I have not seen much to suggest that Iran will be able to keep Hormuz closed once its missile-launching capability is demolished.

You are completely biased towards Israel, so you won't see what you don't want to.
quote:

I don't think drones alone will get it done.

You are probably wrong, but time will tell.
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