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Oil beginning a downturn again. Down almost $6/bbl in two weeks time!

 
Mr. Doomtard
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User ID: 74814959
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05/03/2017 10:27 PM

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Oil beginning a downturn again. Down almost $6/bbl in two weeks time!
As well as dropping more than .20/gal for unleaded in that same period!

[link to money.cnn.com]

Will stocks warn us when war is about to begin or is this just a coincidence?
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Molon Labe
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Anonymous Coward
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05/03/2017 10:29 PM
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Re: Oil beginning a downturn again. Down almost $6/bbl in two weeks time!
Still has a ways to go to break the up trend
Mr. Doomtard  (OP)

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05/03/2017 10:54 PM

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Re: Oil beginning a downturn again. Down almost $6/bbl in two weeks time!
Still has a ways to go to break the up trend
 Quoting: Anonymous Coward 73950735


Oh no doubt about that. Just funny how timely this is.
Previously I’m with Trump.
I will not comply
Molon Labe
".....Shall not be infringed."
I'm pro guns.
I'm pro life.
I'm saved by the blood of Jesus Christ.
Respect veterans.
Anonymous Coward
User ID: 65883971
Australia
05/03/2017 11:11 PM
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Re: Oil beginning a downturn again. Down almost $6/bbl in two weeks time!
I recall something about Libya increasing or starting production a little while back (1-2 weeks). May play a part with the stockpiles staying high. Rig count also up as well I think. Some serious doom could turn it upwards. Prices at pump here are quite high though so it's got me buggered as to what's going on.





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