If you haven’t noticed yet, countries are coming together to play a strategic game of chess against the USA. I hate to say it but looks like some hard times ahead. Your comforts are not free
Reuters: “China has lifted refined fuel export restrictions for the rest of July and allowed a private refiner to resume shipments after a four-month halt”
One of the big drivers of weak crude/strong refining margins begins turning a corner.
BREAKING: For the first time, central banks plan to cut U.S. dollar holdings over the next decade while increasing allocations to gold and the euro, per Reuters
@OilHeadlineNews Fuck these guys. Nothing like calming a market before the storm. Shit show ahead of us if we don’t recourse like 2 weeks ago. Shit is about to hit the fan.
Trump wants the DOJ to investigate oil companies for price-gouging consumers with high gas prices. But when he ran for president and Kamala Harris accused grocery stores and supermarkets of doing the same thing with food, he accused her of advocating socialism. He was right.
@ekwufinance At a fragile point in US oil markets. If Iran decides to intensify, all hell break loose and oil is going above $100. We are walking on egg shells. Shock incoming
@duce99i@tylermacro10 Similar thoughts, why would the enemy let off now. They proven to hold their ground so far. They know we want cheap oil and we have showed them our cards. Drag feet for 30 days and then go back to it. All negotiations at this point has been conflict information on both sides.