Why is USA OIL suddenly becoming cheap in the past hour?
OPEN THE NOOR OPEN. THE. NOOR.
>>62000607because the short term volatility is basically nothing but degenerate daytrade gamblers right now.there's no actual cause for it fluctuating that much, it's just people taking advantage of the spikes and drops to make some gains
>>62000647Wasn't straight of hormuz semi-unblocked since trump is about put boots on the ground today ?
>>62000607zoom out
>oil crashing>bitcoin crashing>stocks crashingYou will own nothingAnd be happy
The USA controls now 70% of all oil and gas reserves on this planet, with Iran that goes up to 85% — when the USA wants cheap oil oil becomes cheap, if the USA wants expensive oil oil becomes expensive.
we learned Iran was lying to pump their oil bags less than an hour ago prior to that oil surged based on their lie
>>62000655No, and there's only like 3k zogbots being sent. They won't do shit besides make for Kino drone footage.
>>62000832Reserves don't matter. Production does.
>>62000607We got strategic reserves bitch.
>>62000655Boots on the ground today you say? But the tripoli just passed singapore yesterday, it's like 6 days off
>>62000832this is good, now everyone has to kiss the ring
>>62000655>>62001138The carrier Lincoln retreated to 1100km from Iran's coast after Iranian missile attacks. There is no reason to think the Tripoli will do anything. It's likely just bluster to keep oil prices low for another week.
>>62001129Those reserves are made up by like 20 member countries not usa alone
>>62000832Dumb fucking post. Implies that >reserves = production >companies will just dump oil for no profit >all oil is the same Basically just kys
