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Fiendish Thingy

(23,844 posts)

16. Of course, you mean crude oil *futures*

Reply to gab13by13 (Original post)

Wed May 6, 2026, 10:06 AM

13 hrs ago

Which makes sense, given the rumours of cessation of hostilities and reopening of Hormuz.

If it happens, expect futures to plummet, and if it doesn’t, expect the ongoing roller coaster.

While there has definitely been an element of manipulation/insider trading in this war, much of it is attributable to the mercurial incompetence of one man.

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Highlight:

Crude Oil Is Down 9% Today [View all] gab13by13 16 hrs ago OP

Old men and oil companies Delarage 15 hrs ago #1

Energy independence would be nice, but the US is tied into the global market. Omnipresent 15 hrs ago #4

Yup Delarage 4 hrs ago #22

There's No Conspiracy ProfessorGAC 15 hrs ago #2

It was more rational when OPEC controlled the price, gab13by13 14 hrs ago #8

Can't Agree ProfessorGAC 13 hrs ago #13

Japan SamuelTheThird 13 hrs ago #15

Well strike up the freakin' band and have a parade. twodogsbarking 15 hrs ago #3

Bust the Trust. multigraincracker 15 hrs ago #5

Trump is pretending we have a deal again Johnny2X2X 14 hrs ago #6

It's also possible the price went down (now on its way back up) because they think The Rapist will have to stop muriel_volestrangler 14 hrs ago #7

These stupid bastards are still under the delusion that Stinky is going to pull us out of this mess. Ray Bruns 14 hrs ago #9

I doubt that anybody with $10 in their wallet takes Trump's pronouncements on Iran seriously at this point. hay rick 14 hrs ago #10

But hey! My 401K will go up a lot today! Happy Hoosier 14 hrs ago #11

Iran lives, Islam lives. MAGAs will be crestfallen. Now, back to the Epstein files! RedWhiteBlueIsRacist 13 hrs ago #12

And he threatened to "hit harder" today and it is rising right back up again (as I posted in another thread) BumRushDaShow 13 hrs ago #14

Of course, you mean crude oil *futures* Fiendish Thingy 13 hrs ago #16

Meanwhile, AAA reports of national pump price averages have trended upwards day by day nitpicked 9 hrs ago #17

In my town the prices have fluctuated by 20-30 cents/litre every week Fiendish Thingy 8 hrs ago #20

Any interesting massive trades... returnee 8 hrs ago #18

Did your gas pump price drop 9% ? republianmushroom 8 hrs ago #19

The US has escorted some tankers through the straits. Melon 8 hrs ago #21