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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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BREAKING: Israel may Strike Ship with Iran Missiles En Route to Gaza. US Carriers Position off Iran Coast. Nex-Gen Iron Dome Tests Underway
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Poster Handle
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DarthDickheadus:AmericanSith |
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Post Content
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[ link to www.boston.com] Oil prices climbed Friday after Israeli troops fired on crowds in Gaza surging toward the border fence, killing one Palestinian.
Benchmark crude ended the trading day up 90 cents to $88.28 a barrel on the New York Mercantile Exchange.
Brent, which is used to price international varieties of oil, was up 83 cents to $111.38 a barrel.Here is your real reason for the impending conflict, global oil demand is on a cliff overlooking an abyss and Saudi Arabia's entire existence hinges on $81 BBL or more for the price of oil. If it falls lower than that...well... Why would the price fall below $81 at the moment? It won't, the Saudis will not allow it. That's the magic number for them, below that and they can't fund their nation's day to day operation.
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