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gab13by13

(33,012 posts) Wed Jun 10, 2026, 11:24 AM Jun 10

I Told You The Price Of Crude Is Being Rigged [View all]

Just imagine where Krasnov would be today with crude at $150/barrel and gasoline at $7/gallon, the pitchforks would be out.

Every time that Krasnov proclaims that a peace deal is imminent, crude drops 3%, even though the negotiations are bogus, are Kabuki Theater, Iran doesn't want a deal.

Numbers don't lie, liars lie, the supply of crude oil is down by 12.8 million barrels per day.

Countries like the US have been depleting their strategic oil reserves and those reserves are at historic lows.

At some point the price of crude and gasoline will have to reflect what is going on.

WTI is below $90/barrel, and Brent is $92/barrel, nothing warrants those low numbers.

https://www.msn.com/en-us/money/markets/disconnected-oil-futures-market-could-see-price-spike-within-weeks/ar-AA25eHqq?

37 replies

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I Told You The Price Of Crude Is Being Rigged [View all] gab13by13 Jun 10 OP

Oil prices have always been rigged. They go up and down when opec leaders need new stuff. Srkdqltr Jun 10 #1

They've been rigged (subsidized) to keep prices low for the last 60 years about. eom Exp Jun 10 #36

The EIA reported this morning UpInArms Jun 10 #2

i have no idea what that means. dem4decades Jun 10 #3

The EIA reports on our inventory of fossil fuels UpInArms Jun 10 #7

If they have that much control and wanted to help Trump, why don't they lower price to where it was in February? onenote Jun 10 #4

It's a happy medium right? gab13by13 Jun 10 #8

Let's see what happens as the November elections near Raven123 Jun 10 #19

Another article Takket Jun 10 #5

Yes, and the people who set the prices are very much aware of that scenario. gab13by13 Jun 10 #9

The oil companies fucking suck. Yet we're practically forced to buy their products. Initech Jun 10 #6

It's all going to hit a wall at some point this year SamuelTheThird Jun 10 #10

You should buy as much oil futures as you can then MichMan Jun 10 #35

I think you've missed some other influencing factors Fiendish Thingy Jun 10 #11

From my co-pilot search gab13by13 Jun 10 #13

I think the markets pay more attention to actual production of oil Fiendish Thingy Jun 10 #14

I have been following the price of crude for 3 months, gab13by13 Jun 10 #15

See post #17 Nt Fiendish Thingy Jun 10 #22

You Do Realize That ProfessorGAC Jun 10 #23

It goes back up when the deal fails to materialize or an attack happens. maxsolomon Jun 10 #28

That's Not What The OP Said ProfessorGAC Jun 10 #29

This. Track Brent Physical Delivery Melon Jun 10 #17

How can you say the price is in line with Brent futures when gab13by13 Jun 10 #18

Reserves are just that: reserves. They can only put down pressure on prices for months ... marble falls Jun 10 #27

Exactly what I said. Current available oil is tracking with futures Melon Jun 10 #30

Exactly right. This is all about pricing, not availability. marble falls Jun 10 #31

The only way to end this is to remove Krasnov and get out. GoodRaisin Jun 10 #12

Shared frustration and crushed optimism relogic Jun 10 #24

Seriously: If the US wanted to clear the Straights and the Gulf, the Navy with all the aircraft carrier groups in ... marble falls Jun 10 #33

This isn't the entire story. Supply chains have changed. Melon Jun 10 #16

Nice post, gab13by13 Jun 10 #20

I wouldn't be surprised if Drumpf wasn't bribing and/or threating the players to keep the price artificially low ToxMarz Jun 10 #21

It's traders and speculators fiddling with the Commodities Market by disaster investing. marble falls Jun 10 #25

They control the oil... kentuck Jun 10 #26

Did Trump admit to piracy today? LR3 Jun 10 #32

Didn't TACO actually joke about being a pirate a few weeks ago? marble falls Jun 10 #34

He did some rigging in early 2020 when the pandemic started Jbraybarten Jun 10 #37