So What Just Happened To Cause Brent Crude To Drop 3%

[CC27]

gab13by13 (33,273 posts)

So What Just Happened To Cause Brent Crude To Drop 3%

Krasnov threatening massive bombings?
Pakistan oil transporters threatening to strike because no more discounts for cheap Russian crude?
Iran rejecting Krasnov's ceasefire request?
Ukraine blockading Russian oil tankers?
The Houthis setting Saudi oil tankers on fire?
SPR's all across the world at record low levels?

The Oil Markets are ****ing Kabuki Theater.

https://www.democraticunderground.com/100221397802

I think someone is upset and stupid at the same time.

[67 Rover]

I think someone is upset and stupid at the same time.

Almost appears as if they are rooting against America.

[CC27]

Almost appears as if they are rooting against America.

Same old crap 24/7

[67 Rover]

Same old crap 24/7

They believe that America is the worst place and that every other country is better in every way but they still refuse to leave. 

[CC27]

They believe that America is the worst place and that every other country is better in every way but they still refuse to leave. 

I would chip in with a plane ticket to the county of their choice just as long as they stay there

[SVPete]

Per https://oilprice.com/oil-price-charts/ , it's currently down ~4.5%.

A-fisking I will go, a-fisking I will go ...

gab13by13 (33,273 posts)

So What Just Happened To Cause Brent Crude To Drop 3%

Krasnov threatening massive bombings? Iran has been getting "massively" bombed every night for a week or two. Why would more of the same cause lower Brent Crude prices?
...
Iran rejecting Krasnov's ceasefire request? After scores of such rejections, why would one more cause lower, not higher, Brent Crude prices? Non sequitur.
Ukraine blockading Russian oil tankers? Ukraine has been crippling Russian tankers for two or more years. Their most recent increase in attacks started a couple of weeks ago. Anachronism problem.
The Houthis setting Saudi oil tankers on fire? Why would this cause a decrease, not an increase, in oil prices? Non sequitur.
...

The Oil Markets are ****ing Kabuki Theater. Nah, the oil market is just more complex than your brain-surrogate can understand, and you're POed that the the oil market is not doing what you "think" it should.

BTW, this is not gab13by13's first tilt at the oil market windmill, https://conservativecave.com/cave/index.php?topic=138979.0 , for not making Trump look bad.