Oil prices rose despite the International Energy Agency announcing it would release an unprecedented 400m barrels of oil from its reserves. Brent crude, the global oil benchmark, jumped back past $100 a barrel during early trading in Asia. The blockade of the Strait of Hormuz has curtailed global oil supply by roughly 20m barrels a day.
5 Comments
Oil prices rose despite the International Energy Agency announcing it would release an unprecedented 400m barrels of oil from its reserves. Brent crude, the global oil benchmark, jumped back past $100 a barrel during early trading in Asia. The blockade of the Strait of Hormuz has curtailed global oil supply by roughly 20m barrels a day.
https://preview.redd.it/t4iv7qeuujog1.jpeg?width=766&format=pjpg&auto=webp&s=4e2bac7d23dffc4654c2b7cccdb293aa7f14fec8
The DOW was over 50,000 over a month ago, that’s what we should be talking about!!!
One neat trick to Just Stop Oil
Trump will post that we will begin drilling for oil on Mars tomorrow, and oil prices will retreat for a few days