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Crude Oil WTI Futures - May 24 (CLK4)

Real-time derived
Currency in USD
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83.11
+1.76(+2.16%)
Real-time Data

Crude Oil WTI Futures Discussions

As usual, the USA is reporting that it's inventories are building??? yeah right during the 6 week period of spring breaks, travelling etc!!!
$67 crude coming.
Frye what is that prediction based on? Maybe late summer but the next 5 months are tight for supply. No help form Saudis either!
With the DOE now buying oil to fill the SPR at 81 per barrel I think that is highly unlikely. I woild guess mid 80’s to 90 will be a fair number coming shortly. Just saying 67 does not seem likely.
my big whales what you think about crude
Avery I am no whale but oil should pressure the $85 to $90 range within the next 40 to 75 days. Natural and manipulated Shortages are here to stay for 2024
Oil future is up
why oil is down. or its a normal pull back for next run? insides please
I haven't sold my oil stocks on this pullback. I took new positions on oil stocks in Feb. Crude was low 70s then. Haven't traded futures this year. GL
Saudis wants to have spare capacity n result of a shortage. they are playing both downside and upside. Oil almost broke $84 as a thought process of Ukraine taking 600K BOE of russian oil off the market due to site strikes. Numbers on world wide draws are being a little more truthful
EIA is still controlled by politics.
Those drones are helping!!! Russia removing 600,000 BOE per day due to the strikes! plus oil is coming into the draw season!
Down to $67....let's see the Rockefellers pull the rug out.
on what premises does this statement have merit? $67???
the market is well supplied and demand is down.
Supply is questionable and demand is up. 0 for 2 for you. Lol
The Metals Company TMC
Loaded up longs @ 77.64.
Clearly full disregard for supply amd demand. Saudi is literally shutting wells in to keep this propped up. Worlds not running out of oil anytime soon. The cpi? What a consumer pays for litre of gas is completely differnet what producer sells … Ive never gone to refineryand grabbed a barrel of crude have you?
Good luck sir
You too
The $77 to $81 walls seem fairly evident.
Finally!!!!
Sell 80.20
Russia banned gasoline export for 6 months, plus OPEC+ cut , go 80
it will run again from here.
Opec cuts extended til June as a minimum is somewhat helpful for sellors. both wars are never going to be settle in 2024.
I woild go with the next catalyst for oil will be if/when OPEC extends voluntary cuts and carhes up on what they have currently oversupplied as per agreements.
Opec will do what Opec does and my guess also is extension plus 1/2 a million a day. greed and control are their standard go to play
It the only game they have and it is a good game. Plus they are one of a few oil prosucers that prefer delayed gratification.
Will the temporary cease fire boost oil further? Thoughts?
You will see negative impact in MHO.
no cease fire will happen been vetoed at the un three times by the usa ramada starts March 10th expect big escalations in fighting then
Russia thanks you for the high gas prices.....
drop of over 2% and stocks in energy are somewhat holding??? Something is up?
I think we finally break the $80 ceiling again within the next 5 trading days....the resistance to pull back is no longer there as reality sets in. Both wars are still 6 months out minimum
oil is very oily these days. what you say gentleman's
wow! Bullish just before numbers will show a recession is building up
Very bullish
nice
inflation data shows it is not coming down. and oil consimptiom is lower . Too much buying going on
There is no firm report saying oil consumption is lower. All that has been in the reports are oil inventory builds which ar less that the 5 year average and gas and distillate stocks are below the 5 years average. I do bot understand where your comment comes from.
those that buy now will have to hold for a while to make a profit
this oil is mamipulated, lower demand, no lower interests rates for longer than anticipated, and all 2024 fiture contrats are lower , not memtionning soon Israel , Hamas war will end
That war has another 4 to 6 months in it!!!
new fronts will open in the war in spring
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