Oil Spike!!!

[biglentil]

Saudi Arabia is shutting down about half of its oil output*after apparently coordinated drone strikes hit Saudi production facilities, people familiar with the matter said, in what Yemen’s Houthi rebels described as one of their largest-ever attacks inside the kingdom.

The production shutdown amounts to a loss of about*five million barrels a day, the people said,*roughly 5% of the world’s daily production of crude oil. The kingdom produces 9.8 million barrels a day.

[jazz]

Saudi Arabia is shutting down about half of its oil output*after apparently coordinated drone strikes hit Saudi production facilities, people familiar with the matter said, in what Yemen’s Houthi rebels described as one of their largest-ever attacks inside the kingdom.

The production shutdown amounts to a loss of about*five million barrels a day, the people said,*roughly 5% of the world’s daily production of crude oil. The kingdom produces 9.8 million barrels a day.

Cant those solar panels pick up the slack? Oh right.

[furrowtickler]

Saudi Arabia is shutting down about half of its oil output*after apparently coordinated drone strikes hit Saudi production facilities, people familiar with the matter said, in what Yemen’s Houthi rebels described as one of their largest-ever attacks inside the kingdom.

The production shutdown amounts to a loss of about*five million barrels a day, the people said,*roughly 5% of the world’s daily production of crude oil. The kingdom produces 9.8 million barrels a day.

Meanwhile here in Canada under the liberals oil production and exports have been trashed.
Hopefully the blood soaked oil from Saudi going into Trudeau’s buddies at Irving triples in price

[ColevilleH2S]

That price spike looks more like an innie than an outie

[biglentil]

That price spike looks more like an innie than an outie

Market opens in about 24 hours.

[Ache4Acres]

Odd that the price has been rallying pretty strong for past few days leading into this “attack” hmmm doesn’t the US have some great drone technology?

[bucket]

Price of gas will go up even though Saudi oil never gets to the prairies. ...


But what will the irvings do for their supply?

[macdon02]

Watch for it to breakout of the continuation pattern, 1 day doesnt make a market. When it comes to crude, ideally you get an isolated high or low before you make up your mind. So here we would look for a close over the high 2 weeks ago at 57.76 before deciding and place stops tight on entry. If it rips higher I'm looking for a higher loonie which will weigh heavily on canola. It's just too big of a pattern long term. Gold is about to correct to support which was resistance. Patterns migrate.

[tweety]

Jason Kenny bought some drones!

[15444]

Short term thinking. Once May becomes PM she is going to eliminate all fossil fuels in Canada by 2035, and then she is going to make sure that all countries meet the Paris targets regardless if they want too or not. I guess by that frame of mind, Canada is going to become a major military power enforcing environmental law on the rest of the world.

I don't know what happens to that woman when she opens her mouth on CBC radio, but holy **** you can't make this shit up. Maybe she is a part time alcoholic?

[bucket]

Maybe she is a part time alcoholic?

Maybe?????? She is a full time alcoholic and full time loon....

Can't believe people listen to her nonsense...

[biglentil]

Many will be in for a rude awakening at the pumps in the morning.

[farmaholic]

Top up the bulk?

[biglentil]

Top up the bulk?

Biggest jump on record.
Worth a try 1st thing in the AM. Its likely bulk fuel prices will have already moved however.

[farmaholic]

They honor listed prices. About 82.9 now before next posted price. They reset twice a week.
Unless extenuating circumstances....?