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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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769462 No.769462 [Reply] [Original]

Is UWTI going to spike back to the 3.70 region tomorrow?

>> No.769490
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769490

>>769462
no.

>> No.769513
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769513

>>769462
Nope.

>> No.769582

>>769462
Let us remember to give thanks to the mighty sheikh for our profitable returns.

Thank you habibi

>> No.769610

WHY AREN'T YOU ALREADY IN?!!?!?
WE CAN ONLY GO UP FROM HERE!!!

>> No.769613

>>769490
>>769513
but why?

>> No.769631
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769631

>>769613

Saudi rig count is going into the stratosphere. For every rig that gets offlined in the US, the Saudis are onlineing three. Not even including the other Gulf states.

Rigs drill new wells.

>> No.769632

>>769631
Except this isn't the same Saudi Arabia as 20 or even 10 years ago. The output is significantly lower, they have to keep up a drilling frenzy to maintain it. Saudis know that finals are coming up soon, and US is going to wreck them.

>> No.769660

>>769631
That is brent not wti.