Posted on 10/08/2023 6:15:37 PM PDT by ConservativeInPA
West Texas Intermediary (WTI) Crude Oil price is jumping over 4% to its highest level in three days, briefly recapturing the $85 mark in the Asian session on Monday.
The extended rebound in Oil price comes on the heels of the escalating Middle East conflict between Hamas and Israel and concerns over its potential impact on global oil supplies.
(Excerpt) Read more at fxstreet.com ...
All this at the same time the Biden regime drained the US Strategic Oil reserve is almost bone dry.
it’s all going as his puppet masters planned.
“WTI surges over 4% to recapture $85 on Middle East violence”
Expect $200, if the war in Israel spreads, and given the Neocon record for screwing up wars that they start, don’t be surprised if this war, which they may well have their fingerprints on, spreads.
I was already fairly confident of $125+ in several month w/o a war. $200 per bbl isn’t much of a stretch with a war.
23:09 pm CDT 08/10/2023
WTI Crude (November Contract)
86.08 +3.96%
Biden’s handlers drained the US Strategic Oil reserve, declared war on the Permian Basin and is restricting drilling in the Gulf of Mexico. Give it a couple of weeks and we will see $5-6 dollar diesel. That will affect everything from gasoline to groceries.
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