Crude Oil Futures (Jun 2029)Crude Oil Futures (Jun 2029)Crude Oil Futures (Jun 2029)

Crude Oil Futures (Jun 2029)

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Crude Oil Futures (Jun 2029) forum


CL1! Most recent comparable, Jan 3 2020, when the Iranian general was killed in an airstrike. $3 jump, but no conflict or actual supply chain restriction, so it was a fade from the initial pop.
Snapshot


CL1! The only way oil can really spike up short term is if Iran decides to close off the Strait of Hormuz. That's only a possibility if US-Iran negotiations go south and Iran really gets pissed off.

IMO, negotiations will be tough and it will put commodity markets like oil on edge for the time being.





CL1! Y’all think it’s over because Trump says so lmfao watch and learn

MCL1! Not sure what info everyone is looking at, but the news just announced the price per barrel of oil in the Middle east has dropped to under $20 per barrel and that gas will be dropping significantly.

CL1! In the coming days, we might see a sharp rise in oil prices due to developments in the Middle East and the potential closure of the Strait of Hormuz.