Oil prices tumble to multi-week lows

Wild self

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reminds me of when the ACA was passed and before shyt even went into effect the insurers were talking about how they were raising rates because of the ACA. these bloodsuckers never miss an opportunity to gouge when they can place the blame elsewhere and have people fall for it.

Yep.

They want infinite profits. Sick shyt.

TLR would be downplaying this fact.
 

thatrapsfan

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They’re down because biggest cities in the worlds biggest oil importer are facing hard lockdowns, hence far reduced oil demand at current levels of production.

Its no coincidence that prices were at their lowest in decades when demand cratered across the world at the same time in the spring of 2020.

All this talk about price gouging suggests American gas retailers are setting global oil prices in a back room. There’s a world outside the US and major global developments have a price effect on a global commodity.

The real question is whether demand effect in China is sustained or short lived. If it’s the latter, prices will go up again if Opecs biggest players remain committed to production cuts.
 
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