RE: But jemgee! Brent crude is only $87. It was $96 2 weeks ago12 Oct 2023 16:17
EIA report released a 4, not 3:30, sorry.
It came in at an oil stocks GAIN of 10.176 million barrels, one of the largest oil stock gains I have seen.
So the oil price is currently DECENDING. Brent now down to $86.80...........................
Unless the war escalates I expect the oil price to go lower still, making fuel cheaper to buy.
Benefits Airlines, Cruise Co. companies etc,,,,, Reduces WORLD inflation.
Maybe the market will wake up to reality tomorrow?
All IMHO.