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Melon

(1,899 posts) Fri Jun 26, 2026, 02:49 PM Yesterday

WTI Futures are now under $70 Barrel and falling [View all]

Brent has slid to $73.
With the release of Middle East supplies the short term market will swing from tight oil to long oil quickly. This has been coming and very visible in the numbers especially over the last month. 2027 looks long as well with an overhang of ~3-4 million barrels a day if the world returns and slightly grows from earlier consumption levels.

Gasoline will be cheaper tomorrow for some time to come as these numbers work through the supply chain.

6 replies

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WTI Futures are now under $70 Barrel and falling [View all] Melon Yesterday OP

I wonder if investors are trying to rescue Ilsa Yesterday #1

Not at all. The numbers have been sliding for weeks. Melon Yesterday #2

And Trump's Iran Surrender was all about keeping that slide going 31j20b3 Yesterday #3

That's crazy to me that a law was passed that limits competition Melon Yesterday #4

well, people frequently ask WHAT HAPPENED TO WISCONSIN 31j20b3 Yesterday #5

Yes. I just read that and edited into my post. Melon Yesterday #6