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Crude oil dropping like a rock $76 / bbl this morning.

Posted on 6/16/26 at 9:58 am
Posted by Trevaylin
south texas
Member since Feb 2019
11199 posts
Posted on 6/16/26 at 9:58 am


Possible that it may drop below prewar pricing due to demand destruction.
Posted by CAD703X
Liberty Island
Member since Jul 2008
93767 posts
Posted on 6/16/26 at 9:59 am to
didn't trump literally say the day he announced the iran deal that oil would be down to $75 in days?

no wonder the Left hates him so much
Posted by Powerman
Member since Jan 2004
174433 posts
Posted on 6/16/26 at 10:00 am to
No way you are framing this as a win
Posted by DeBoar
Cullman, AL
Member since Jan 2024
3009 posts
Posted on 6/16/26 at 10:01 am to
quote:

No way you are framing this as a win


Why’s this guy always like losing?
Posted by Azkiger
Member since Nov 2016
28361 posts
Posted on 6/16/26 at 10:02 am to
quote:

No way you are framing this as a win


So lower oil prices are a loss?
Posted by JimEverett
Member since May 2020
2459 posts
Posted on 6/16/26 at 10:02 am to
quote:

No way you are framing this as a win


Hard to frame it a loss given we don't know the terms of the Agreement.
Posted by scrooster
Resident Ethicist
Member since Jul 2012
44410 posts
Posted on 6/16/26 at 10:02 am to
quote:

No way you are framing this as a win

No way you are not.

You really need to get out more.
Posted by Azkiger
Member since Nov 2016
28361 posts
Posted on 6/16/26 at 10:02 am to
quote:

Why’s this guy always like losing?


Typical bottom behavior.
Posted by CAD703X
Liberty Island
Member since Jul 2008
93767 posts
Posted on 6/16/26 at 10:06 am to
quote:

Powerman
quote:

No way you are framing this as a win
This post was edited on 6/16/26 at 10:07 am
Posted by idlewatcher
Planet Arium
Member since Jan 2012
97561 posts
Posted on 6/16/26 at 10:06 am to
quote:

No way you are framing this as a win



Doing what he said he was gonna do and succeeding isn't a win?

Wut?
Posted by PsychTiger
Member since Jul 2004
109650 posts
Posted on 6/16/26 at 10:07 am to
Truck Nuts. ON [OFF]
Posted by scrooster
Resident Ethicist
Member since Jul 2012
44410 posts
Posted on 6/16/26 at 10:07 am to
quote:

Possible that it may drop below prewar pricing due to demand destruction.

Word is that the target price is $65 per bbl ... that's the sweet spot.

Posted by BobBoucher
Member since Jan 2008
18792 posts
Posted on 6/16/26 at 10:09 am to
quote:

Possible that it may drop below prewar pricing due to demand destruction.


Add Venezuela’s contribution, new supply routes and our higher production and we could see record lows for the past decade.
Posted by LSUbest
Coastal Plain
Member since Aug 2007
16767 posts
Posted on 6/16/26 at 10:10 am to
Well - buy, because all the ministers in Iran and the IRGC said no deal and no peace yesterday.
Posted by FLTech
he/won
Member since Sep 2017
28693 posts
Posted on 6/16/26 at 10:13 am to
I should have sworn Trump told us this was going to happen -

He was lying to us! I see it right with my two eyes, but Trump was still lying about this happening!
This post was edited on 6/16/26 at 10:14 am
Posted by Ailsa
Member since May 2020
9521 posts
Posted on 6/16/26 at 10:22 am to
quote:

Possible that it may drop below prewar pricing due to demand destruction.


Grocery prices are coming down also.
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
24997 posts
Posted on 6/16/26 at 10:27 am to
Hot dayum I am almost $40 a barrel in the money with my puts purchased for almost nothing in April.

I wish I would have bought more than 10 contracts now.

Posted by jammajin
Member since Jul 2024
2161 posts
Posted on 6/16/26 at 10:36 am to
quote:

No way you are framing this as a win


you're too damn dumb and distracted to understand a win if it was explained to you.

You're far too invested in the US losing to acknowledge a win
Posted by Lsupimp
Ersatz Amerika-97.6% phony & fake
Member since Nov 2003
86249 posts
Posted on 6/16/26 at 10:39 am to
The "gas is too high" people are going to be so freakin' PISSED about low gas prices.
Posted by Lsupimp
Ersatz Amerika-97.6% phony & fake
Member since Nov 2003
86249 posts
Posted on 6/16/26 at 10:44 am to
Check out this thread and how the usual suspects responded to my comments:

LINK

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