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Brent Oil Futures - Jun 24 (LCOM4)

Real-time capital.com
Currency in USD
Disclaimer
89.38
+0.37(+0.42%)
Closed

Brent Oil Futures Discussions

OPEC might decrese the regular amount by the number Cnina and US planning to offer.
Saudi have just increased their selling prices. If spr release refiners may buy cheaper spr so Saudi sales go down. Then in a couple of months spr release done, Saudi sales go up again. Reaaly not sure what the point if spr realesse is.
create volatility for traders?
not saying they will not do it, but the pricecis not even very high (mid 70’s pre covid) and leaves them very weak if it goes up again. What the need is more production, think Shale not coming back to what it was unless 100plus. Short term hamnering prices actually means less oil in 6 months as producers don’t produce!
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