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BumRushDaShow

(171,675 posts)

10. For some bizarre reason (and I think it was because of the oil drama going back to 2020 when crude went "negative" )

Reply to GreatGazoo (Reply #9)

Wed May 6, 2026, 09:36 AM

Yesterday

I subbed to MarketWatch.

Here is the 52-week plot of WTI snapshot with the reading at 9:09 am ET (after the "pause" drop, and then the expected "threaten to blow the house down" utterance this morning, where it's creeping back up again) - https://www.marketwatch.com/investing/future/cl.1?gaa_at=eafs

(the range was $54.98 - $119.48 from May '25 to May '26)

And the as of 9:20 am ET reading, you can see where it was down in the upper $80s at the open early this morning and as "water seeks its own level", it's back up in the mid-$90s now.

ETA - the general "breakevens" for the frackers is in the $60 - $70/bbl range -

(Mar 2025)

(I blame you guys for me doing this!! )

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GreatGazoo

21 replies

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Highlight:

Gasoline costs 50% more in the US than it did before the Iran war [View all] BumRushDaShow Yesterday OP

Not for long, gab13by13 Yesterday #1

you might want to put the a sarcasm note with your post. nt Javaman Yesterday #2

You think people won't get it? Maybe. gab13by13 Yesterday #5

I got flamed hard one time when the sarcasm challenged Javaman 14 hrs ago #21

Yep...at $97 right now. Bengus81 Yesterday #3

And the expected manipulation continues this morning after the sell-off with this - BumRushDaShow Yesterday #7

"The oil prices have still not dropped below $55/bbl " GreatGazoo Yesterday #9

For some bizarre reason (and I think it was because of the oil drama going back to 2020 when crude went "negative" ) BumRushDaShow Yesterday #10

had a pro trader tell me GreatGazoo Yesterday #13

I got snapshots (close to the bottom) when it went negative BumRushDaShow Yesterday #14

Donald Trump Writes 'Praise Be to Allah' in Profanity-Laced Easter Morning Message Norrrm Yesterday #8

Are we great enough yet? IronLionZion Yesterday #4

Here is something you can do to lower multigraincracker Yesterday #6

I cannot remember the last time I bought anything at a gas station besides fuel. maxsolomon 19 hrs ago #18

50%, my wrinkled old butt ! justsomeguy01 Yesterday #11

Agreed ProfessorGAC Yesterday #12

Prices had really jumped when I went shopping today in Charlottesville, ranging from $4.39 to $4.45. Martin68 23 hrs ago #15

We're winning. USA USA USA republianmushroom 23 hrs ago #16

Its been 100% more here the last few weeks. nt yaesu 20 hrs ago #17

75% increase here in Western NC wishstar 18 hrs ago #19

If gas is up 40% by today's numbers, then the base would be 71.43% of today's price. Norrrm 17 hrs ago #20