@JeffSnider_EDU Or you could say that short term everyone is trading the price down knowing sentiment will drop but in the long term the traders understand that there are structural issues with so much storage being absorbed by demand now and it will take years for the reserves to be filled.
@business Funny how China on one hand built massive storage for crude and bought all available supply to fill those tanks this past year but somehow demand has dropped?? Confusing lack of supply with demand destruction, hmmmmmm
@CGasparino@KennethLFisher Done at the end of the war or done when the lost barrels made up into the market and production returns??? Itโs not a sink faucet
@Matrick420@JohnLeePettim13 Passed my first actuarial exam as a teenager, hated white collar work, spent years as a union carpenter and GC a couple restaurants, I didnโt have to study for the actuarial exams, took longer to learn the trades.
@Oliver_Trpcic@LoveMy7Wood There will never be enough pain, those in charge will never look in the mirror while they tell the lemmings โthe solution is just beyond that cliff over thereโ
@JavierBlas Wasnโt there a sulfur problem with some barrel in the Biden release? How often does that show up as they take oil from deeper in the reserves?? Honestly just asking
@CGasparino Tell her two things, it was a short squeeze that ripped prices starting in Asia, second I see your 30% one day gain and come back with a 35% one day drop of oil price, also unheard of??