Solarbird 
meanwhile, yikes
these are not futures, this is live trading
#markets #oil #OilPrice #fascism #us #UnitedStates #iran #war #CascadiaNow
Y'know, people were talking about $125 a barrel within a week, I wasn't ruling it out but I didn't think we'd be queueing up for it on Monday morning
#economics #oil #OilPrice #economy #FuckTrump #war #iran #unitedStates #us #CascadiaNow
A sane US president would be talking about strategic reserve releases _tonight_. But if Shitstain were sane, and if the Republican Party was sane, we wouldn't fucking be here, now would we?
#economics #oil #OilPrice #us #UnitedStates #war #iran #fascism #FuckTheGOP #FuckRepublicans #FuckMaga #FuckTrump #CascadiaNow
Asia having "fun" Monday morning - Nikki down almost 7%, Asia Dow overall down 5.7%, everything's an adventure now
Okay, _somebody_ is talking to people. Or there's been some news I haven't seen yet. Both entirely possible.
_Discussions_, apparently.
Or a global recession play. Don't know.
Or Asian markets locking in as much supply as they can and getting done making certain guarantees. Persian Gulf goes lots of places but a _lot_ of it goes to eastern Asia.
I'm looking for news to trigger this reversal but not seeing it.
Marketwatch this morning report that overnight's reversal - a stunning leap in oil prices followed by a dramatic drop to merely a significant rise in oil prices - was in fact triggered by reminders of strategic oil reserves held across the G7, which led immediately to talk of _releases_ of oil by those reserves, even though none have been announced. And that stemmed the panic.
For context - since most of you aren't up at 2-3am Cascadian time - check earlier in this thread, or for more context, here's a five-day chart. Actual price in oil hit just short of $120/barrel at $119.48 before people got some talking to.
