Oil trading

So the great oil rally hasn't happened so far. CL is down today. Brent crude might be more affected as it's Europe's price.

Oh the /u/fohshizzle2 gonna get hot and moody. I've got the profit, you got the insults.

why was my comment pinned? XDDD

its been a WEEK Now what u think?

My view hasn't changed. CL futures have dropped. The volatility from the recent events has faded and who knows what will happen long term. In Europe there's ration panic and food price rises as a result.

I don't trade oil, I have in the past (CL futures, not ETFs or anything else) and it's not for the weak. I can't remember but I think $1 move in the oil price is $5000 in the futures price. I might be wrong but look it up if you're trading it.

For people around the world, Texas light sweet crude CL is about $10 less than Brent oil futures CB. Beware when news reports oil price over $100 on which futures price they are quoting.

Thanks for sharing, post approved, do your own research if anyone's reading this.

Well it was a short lived rally. I hope you didn't lose too much. Do research on the geopolitics of this war. It's not a crazy President trying to avoid Epstein attention. There is so much behind this attack that most of you probably miss.

update?

I see CL Jun at $99.28 and CL July at $94.07 at 12:15am EST. The market expects a fall in oil prices.

Market is volatile and who knows. I expect a short supply to appear when stored supplies are empty. At the same time must consider ramping up of US local supply which due to the higher price might come online ie where lower prices made those sources uneconomical.

lus whatever very crude oil from Venezuela might be set up to be refined in the USA.

Hi, update now?

The whole world uses oil except certain retarded net zero countries. I bet on 30 years of fossil fuel. 100,000$ in oil companies.