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ICE WTI Crude Futures - Aug 24 (WTCLc2)

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76.85
-0.69(-0.89%)
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Crude Oil WTI Futures Discussions

I believe this matter with passengers falling sick has to do with china. I was in that cruise ship and moer than 75% of the passengers were chinese
30 cruise ship passengers fall ill with flu-like symptoms on Boeing 737 Max while returning home to Texas, forcing United to withdraw plane for deep-cleaning
Tell em to buy some NyQuil.
This Week oil market will be moving between 75 T 79 . trend is bearish. we have to find Good Sell ..
Dollar devaluation need to justify the oil price. $90 should be fair price. Everything is up cased by inflation, no reason for oil stay low
agreed.
Unfortunately that's not the way oil works
don't forget demand is higher than you think.. the ghost fleet supplying india and china don't exactly report there data.. china is consuming quite a bit of crude and their economy is doing better than they want the usa to think.. millions of bbls of crude going to china from russia unreported..
remember 2011 114$a barrel that's 200$ in today's prices and the economy was bad due to the recession
Guys trade with levels sustain below 77.03 its going 76.60-76.20 Sustain above 77.30 target 77.60 77.90 78.20
screw your levels opec has already projected where the price will be soon
it's is confirmed oil will be up ,opec is moving on for it's production cuts
Open up or down????
up
Opec cuts-bearish because it's weak demand Opec unwinds cuts-bearish because more supply and opec keeps production flat is also bearish because they can cheat nothing opec does can change the bears mind lol.
OPEC cuts and demand are two different things. you can't say that OPEC cuts are bearish because of weak demand. OPEC cuts are ovbiously bullish though is not the only factor to take in to account. Still, the cuts have been extended which is bullish, it doesn't mean that price will go up, it means that it affects the movement of the price towards a bullish trend. If they would have announced no more cuts, the price would definitely drop big time. So yes, the continuation of cuts is Bullish news.
demand is fake news,there strictly cut the supply to increase prices ,and besides opec has the ultimate control on what prices can be,not you or me
I'm being sarcastic showing why bears don't make no sense on always being bearish.
Poor Ol Pa also seems to be stuck in Shorts below 77, Hahahahaha. No worries bro, You will recover them in few months may be next year again ! Chill :D
Go jump in the G@ndhi river to cool your head… nothing that OPEC did was unexpected. The demand issue is way bigger than what the news are making it to be. The US households are drowning in debt.
Unexpected or not, it still drawns a lot of attention and it will definitely have an effect in price. May not drive it up, but it will certainly slow the drop...
remember 2009 prices went up and the economy was lousy
OPEC+ reportedly agrees to extend production cuts Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil-producing nations at a meeting on Sunday reached a tentative agreement to prolong production cuts until the year's end, the Wall Street Journal reported, citing delegates. Delegates reportedly indicated that OPEC+ outlined a plan to extend significant oil supply reductions into the latter half of the year amid efforts to prevent a global surplus and stabilize prices. The decision coincides with Saudi Arabia's initiation of a substantial share sale for its national oil giant, Aramco, generating substantial funds for the country's economic overhaul.
I expect a flat opening or a small dip but it may gradually rise overtime it's definitely going higher.
Opec cuts are always perceived by some as bearish no matter what when will the bears realize that the only cut that took place was by the Saudis by 800k barrels the market only price that not a group cut so the cut into 2025 is bullish no question about it oil demand growth will push the market into deficit.
any comments opec meeting
Let us see was the market say on monday. Or read the comments up or down thats the question and nobody now it. ;)
Reading that post Gigi has had the same effect on my brain as laughing gas..If you could put your comments in a small canister & sell it to teenagers you'd be a multi millionaire in weeks.. good luck.
opec meeting decision
They decided to stop members making decisions.. although they couldn't decide who would decide the penalty for decision making..they did decide that when they do decide it should be up to the person who decides the penalty to decide who makes decisions about deciding in future.
GOLD SILVER CRUDE WEEK LEVEL AND DAY LEVEL WORK AND BIG PROFIT LEVEL 704621. AND 6802
higher range is open from tomorrow, $80 tomorrow
That is 3$ up ,why do you see this
Why some people say 3$ down?
$75 opening tomorrow
Only gapup or flat, no reason to be down
this week 83 confirm
That seems like a stretch. Would be awesome though.
Falling like a rock. 72.- soon.
Next week better buy dips around 75- 76 if seen, this will slowly go up in the summer
Production cut means they want more price per barrel. How some people is thinking the price will go down? Any logic is there? Use your brain dude's....
It's all about Prabhubility..
gap up then fade
yes. $70 coming
all expected and priced in , now how the big guys want to play it time will tell .
...
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