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Started By
Message
re: Crude oil barely unchanged
Posted on 3/16/26 at 9:29 am to HailHailtoMichigan!
Posted on 3/16/26 at 9:29 am to HailHailtoMichigan!
quote:
Whatever happened to the concept of the price of something being determined by actual supply and demand rather than the “feels” of some dork sitting at a computer?
It’s not a human dork anymore, but an ai trading algorithm.
0
Posted on 3/16/26 at 9:29 am to HubbaBubba
quote:
Which is 40% higher than it was only 10 days ago.
Posted on 3/16/26 at 9:29 am to Meauxjeaux
quote:
Did our cost to produce here go up $35 per barrel?
Nope, but WTI appears to be selling for that much more currently.
There may have been SOME short-term cost increases for any sort of services contracts that may be tied to WTI price, but certainly wouldn't have increased that much.
Posted on 3/16/26 at 9:35 am to Tigerfan1274
It’s under $95 per barrel now, and falling. The Financial Markets are soaring right now. It looks like our MSM lied to us about the fact that The Strait was opened last night and there were many vessels moving in and out. I saw this in A Podcast by Ben Dykes. He was showing satellite views of the traffic while Bloomberg was denying this information. Those who have been shorting the price of oil are going to get hit today.
Posted on 3/16/26 at 10:31 am to bigjoe1
quote:
barely unchanged
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