Oil Headed to $65 a Barrel. Dec 2024.

Screenshot 2024-12-03 at 6.41.28 PM.png
 
If there is an oversupply now, no one is going to be drilling. It's $70 today (been at least as low as $68 recently so any drop is great but $65 won't make a huge impact from today's prices.
I'm NOT arguing one way or the other.
Just posting.

I want this as a reference to future LIES by the trump cult about 'anything' oil related.
 
As of December 3, 2024, the price of crude oil was:
  • WTI Crude: $69.98 per barrel


  • Brent Crude: $73.61 per barrel

The price of crude oil is a major factor in international commodity markets and economic development. This is because crude oil is the world's most important energy source, and its supply is limited. The price of oil is also influenced by emerging industrial markets like China, India, and Latin America, which require more oil for economic growth.



  • Energy - Bloomberg News
    1733281796773.png

    Bloomberg News


  • Crude Oil Price Today | Brent OIL PRICE CHART
    58.65. 1.83. USD per 100 Liter. 12/3/24 03:24 PM. Coal. 116.25. -1.61. USD per Ton. 12/3/24 10:14 AM. RBOB Gasoline. 1.96. 2.35. U...
    1733281796791.png

    Markets Insider


  • CL.1 | Crude Oil WTI (NYM $/bbl) Front Month Overview - MarketWatch
    1733281796811.png

    MarketWatch
 
As of December 3, 2024, the price of crude oil was:
  • WTI Crude: $69.98 per barrel


  • Brent Crude: $73.61 per barrel
The price of crude oil is a major factor in international commodity markets and economic development. This is because crude oil is the world's most important energy source, and its supply is limited. The price of oil is also influenced by emerging industrial markets like China, India, and Latin America, which require more oil for economic growth.



  • Energy - Bloomberg News
    View attachment 1049843
    Bloomberg News


  • Crude Oil Price Today | Brent OIL PRICE CHART
    58.65. 1.83. USD per 100 Liter. 12/3/24 03:24 PM. Coal. 116.25. -1.61. USD per Ton. 12/3/24 10:14 AM. RBOB Gasoline. 1.96. 2.35. U...
    View attachment 1049845
    Markets Insider


  • CL.1 | Crude Oil WTI (NYM $/bbl) Front Month Overview - MarketWatch
    View attachment 1049844
    MarketWatch
Are we or anyone supposed to be impressed by your Copy and Paste?

My post, the OP, is just facts Robert.
What is your angle, Robert W ?
 
Large numbers of Democrats after the Trump landslide election had a spiritual awakening and converted to the MAGA religion.
Also, large numbers of them definitely did not. Doesn't matter. Have you had an epiphany after an election, and decided, based on the results, you were wrong about your vote, even before they took office? I doubt it.
 
Why do you object to facts Winco?
I only post FACTS Robert W

So your lame post is just that........LAME.
I object because you added ZERO to the thread.
I'm posting FACTS about OIL Prices......... then you chime in with

If you support my OP, then say it.
If you think you 'added' anything new..............LOOLLLOLLLL
 

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