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Brent Oil Futures - Jun 24 (LCOM4)

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Symbol
Exchange
Currency
LCODerivedUSD
BRRTSc1MoscowUSD
LCOc1ICEUSD
LCOc2ICEUSD
LCOc3ICEUSD
LCOc4ICEUSD
LCOc5ICEUSD
LCOc6ICEUSD
LCOc7ICEUSD
Currency in USD
Disclaimer
89.31
+0.30(+0.34%)
Real-time Data

Brent Oil Futures Discussions

manipulation by US bug whales.
big
(Reuters) - India’s electricity transmission system is coming under increasing strain as booming power demand outstrips growth in despatchable generation.   Mild temperatures in February and March have masked the struggle to meet fast-growing loads from industry as well as for refrigeration and air-conditioning.   But periods of more severe temperatures between April and September are likely to reveal the increasingly thin margin of spare generation.   Total electricity consumption increased by 8% in February 2023 compared with the same month a year earlier and by 13% compared with February 2021, according to the Grid Controller of India.
Wake up Benny. Red candels.
i close SP at 76.6 from 75.59...i think a short squeeze will come. many peopela re short
 go back to 2015-2018 and see price :)
That was 6 years after the last crisis, its funny how you invoke that while daytrading. Go back to your chart analysis and reactionary news trading, enjoy. I will do 1/100th of the work you do and still get good returns. If you have a lot of primary income you dont need to make more than 12% per year to get rich.
 I dont Work :)
where is my niagra
coming soon
Adding sp every 0.2 so hopefully soon ;)
SP 78.5
If you think a recession will hurt oil demand in the long run you are mistaken. Maybe in the OECD but EME will pick up within a year, see every other recession in the past 40 years. Only effect is that western companies will cut down on investment because of economic uncertainty, causing an undersupplied oil market. There is a reason oil was so expensive up until 2014.
 The world (economiclli) is in a bad shape, se before corona, where world was in god shape, price on brent was 6-70
Without a war going, without deglobalisation going, without massive money printing and with the inflation geenie in the bottle, sure. Times change.
Big SP here at 78.6
go short now
short squeeze coming?
that is absolutely ridiculous. Who buys at the edge of the trend. Shorts must die now to open way for painful longs' death.
People who buy oil futures for you know, the oil, and not to make a profit in the market xD
SP 78.20
New SP 78.4
this should drop to 77/76.
 Hope so :)
this has to fall..weird movements
it needs to break out above 78.72
not this time in my opinion, 75 and up would be ideal..else the faster it goes up, the faster it collapses
could go to 80 and then come back down for a bounce as well... as long as KRG remains unsolved and there is expectation for bullish stats... i dont see this falling
The market is extremely reactionary and a herd mentality has set it, making the sell-offs and the buy-ins far more dramatic.
The U.S. banking crisis has sparked an extreme reaction in oil markets, and the herd mentality which led to the major sell off may now lead to an aggressive rebound
herd mentality, lol, you mean 'the market'? Its how it goes, especially when you have a central bank who cant seem to keep its hands off the market
i like project zimbabwe :)
(Bloomberg) - OPEC+ Shows No Sign of Changing Oil Output at Meeting Next Week Delegates expect ministerial panel to stick to existing policy Saudis have said deal should remain in place for whole year
why is this even news.. they have been very clear on this message...
72 on the way
i thionk is going te drop to 73-75 consencus that is overpriced now
go short now
(Reuters) - Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to "friendly" countries, Energy Minister Nikolai Shulginov said on Tuesday, while still a decline in oil and gas output this year. The West imposed wide-ranging sanctions, including an embargo on seaborne Russian oil imports, after Moscow sent its armed forces into Ukraine in February 2022. "I can say today that we have managed to completely redirect the entire volume of exports affected by the embargo. There was no decrease in sales," Shulginov told an energy forum.
Oil down if embargo is nit effective?
77-76 should be revisited.... the iraq export issue is temporary. Both have a financial interest to settle the dispute. Also, it's only 500k bpd so it's not a huge impact on globsl demand (0.5%). Yesterday's rally of +4% was not in proportion to the impact in physical market. All smoke and mirrors and blatant manipulation
 I agree, but that seem to be the normal reaction in France. In Denmark the retirement age is now 66 and will be raised to 69 by 2035. From 2035 to 2070 it is predicted to be raised to 74.
we live longer - we work loger
what a stupid concept. Just because we are capable of working for longer means we have to? What's the point of working so hard? Everyone and everything will turn to dust anyway. People should learn to relax more, it would definitely make the world a better place.
KRG delegation will land in Baghdad today to meet with the authorities at the Federal Ministry of Oil to resume discussions regarding the resumption of oil exportation through Turkey.
opex today...
what do you expect from it?
 i dont know... maybe shorts will have to close
good morning :)
Hello every body!
good morning gt bro
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