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Crude Oil WTI Futures - May 24 (CLc1)

CME
Currency in USD
Disclaimer
85.68
+0.27(+0.32%)
Delayed Data

Crude Oil WTI Futures Discussions

well lets see how the rest of the month goes....I am thinking solid $87 to 89 a BOE....$90 might be a hard ceiling to break because of elections in USA
oil should go beyond 100 with the war
No war coming .
it already started just not out of control yet
which one best oil stock to buy and hold
big war coming buy oil pretty obvious at this point same with gold
Iran planning or boasting an attack in Israel would definetley add a $5 or $10 premium on BOE along with the continuation of production sites in Russia and Ukraine being disabled.
Iran is a BS. They will never attack Israel or US. They Bark only
Iran might not do anything but the whole resistant network will at some point and it's only been escalation for the past 6 months. Israel basically declared war by striking Iranian territory in Syria which was the embassy. If Iran won't respond to that then expect an even greater provocation from Israel.
what happen guys . no chatting in this group anymore
oil finally broke the $83 ceiling and holding in the $85 to 86 range. each day is a crap shoot as tension issues in the mid-east are very evident. What is your gut telling you as is it the time to jump in to make 7 to 10 points or lose 7 - 10??? myself , I am waiting for 1 more pull back into the low $85's then buying as the 2 different wars on the other side of the Ocean, is going to get worse so I think a $90 plus in the next 3 months is occuring
i am 100 percent agree with you. oil is getting into the sky rocket
Congrats so far to all those longs out there!!!
Where is that guy touting the 67 oil? Lmfao
I believe the $90+ BOE is coming faster than anticipated
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
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