WTI

JermaSucksAtGames

!banbet WTI 2.00 24w

JermaSucksAtGames

!banbet WTI 2.00 6m

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>Oils sharpening the sell off \>Oil - WTI (undated) 109.67 -0.92% Oil - Brent (undated) 113.14 -0.59% Natural Gas 6.501 -1.22% Heating Oil 3.9984 -2.82% Gasoline 3.6805 -4.17% London Gas Oil 1177 -2.1% \#Oil \#Brent \#WTI \#OOTT ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-06-29 ^13:19:51 ^EDT-0400

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>\*WTI Oil Stays Higher, Up 1.8% at $113.80 as US Crude Inventories Fell Last Week ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-06-29 ^10:36:50 ^EDT-0400

petrolsweetsabound

Oil inventories in 10 mins (maybe) and WTI is flat as fuck

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>Oils update: Oil - WTI (AUG) 111.23 -0.48% Oil - WTI (SEP) 108.3 -0.55% Oil - Brent (AUG) 117.22 -0.65% Oil - Brent (SEP) 113.11 -0.62% \#Gasoline 3.8027 -0.99% \#London Gas Oil 1200 -0.21% \#Oil \#Brent \#WTI \#OOTT ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-06-28 ^22:59:31 ^EDT-0400

AnimalTom23

Debt free & wild cashflow for BTE is right around the corner - even at sub 90 WTI. They really are very well positioned for a likelihood of success.

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>Energy update: Oil - WTI (undated) 110.84 +0.14% Oil - Brent (undated) 113.99 +0.15% Natural Gas 6.594 +0.21% Heating Oil 4.1266 +0.3% Gasoline 3.8424 +0.05% London Gas Oil 1207 +0.38% \#Oil \#Brent \#WTI \#OOTT ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-06-28 ^14:50:01 ^EDT-0400

techseller2021

Apologies if this is not the right section but I really need some advice as I'm going through something really though. I had a substantial cash and a year ago I decided to day trade in WTI crude oil. It started off well and I managed to get a very good profit out of it in a couple of months, but I guess it was all luck because everything went downwards since. I have now lost a substantial amount of all of my investment, with only a couple of thousands £ left. No one to blame but me, it's a risky investment and lack of stop losses can take things south. The advice I want now is that I will never be able to get that amount back, however WTI is the kind of investment where you can quickly lose meaning as well as gain and the question I have is whether there's something I can do to get back some of the losses? Is it worth continuing considering what I have left ? are trading signals or anything else a valid approach that can maybe help me at this? or should I just quit?

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>\*WTI Oil Prices Jump 2.2% to Session-High $112.01 Ahead of Weekly US Data ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-06-28 ^12:35:53 ^EDT-0400

Educational_Eye666

$200 WTI is not out of the question

black_opius

Good morning. Call options for XOM as WTI oil prices, rises again. Also, how Iran joining BRICS is going to affect the energy market?

Tbones014

WTI to 420.69 please

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>Oils update: Oil - WTI (AUG) 110.49 +0.75% Oil - WTI (SEP) 107.28 +0.76% Oil - Brent (AUG) 116.04 +0.7% Oil - Brent (SEP) 111.81 +0.66% \#Gasoline 3.7798 +0.92% \#London Gas Oil 1229 +1.05% \#Oil \#Brent \#WTI \#OOTT ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-06-27 ^20:11:30 ^EDT-0400

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>Energy update: Oil - WTI (undated) 108.25 +1.35% Oil - Brent (undated) 110.88 +1.18% Natural Gas 6.292 +0.21% Heating Oil 4.2537 -0.12% Gasoline 3.7996 +0.14% London Gas Oil 1247 -0.38% Carbon Emissions 8505 +1.94% \#Oil \#Brent \#WTI \#OOTT ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-06-27 ^11:06:47 ^EDT-0400

danoneil916

WTI is still over $100 and oil companies are still printing money. It’s not like it’s $65 a barrel.

Havershad

I can shotgun a 24oz. Also I was right about WTI. Reddit briefly flashed that I was permabanned I think theyre telling me the next one is death.

meumettuum

4 hour MACD just crossed up. Still in downward channel but it hasn't reached the top of the trendline yet. Still a few more days. Puts below 200 don't open until August 19th onward. Bull trap but it's not the top yet. Shouldn't go past 407. WTI was supposed to have bounced instead of going down as far as it did but that just makes me wonder if it will coil it for an even bigger move. I'm betting on one last push for SPY in to 400 followed by the final drop as WTI makes new ATH and subsequently drops hard as well..

NewToRedditAgain0525

I’m always up for a lively debate about nearly anything. Please explain to me how you came to some of these conclusions. I’m happy to start with giving my opinion from the bearish side. One of your statements said “inflation has already peaked”. That has been the narrative for at least the last couple of months, but the last CPI print proved that to be incorrect. JP and the boys thought that inflation was “transitory” because it leveled off/came down slightly from June-Sep 2021, but it steadily increased until March of 2022. We can’t really say that inflation has or has not peaked for certain until we get at least 2-3 more CPI/PPI prints. You made a point that oil prices are coming down, which is fair, but there’s a lot to unpack there. First up, energy makes up 7.54% of CPI. If we look at the daily closing prices of WTI crude for May, it had an average closing price of $108.25 (I added all of the closing prices up/divided by 21, which was the number of trading days in may). So far in June, the average closing price of WTI crude is $114.96. What’s convenient is that June also has 21 trading days. In order for June’s avg closing price to get to $108.25, it needs to close at an average price of $84 or below for June 27-June 30, and I just don’t see that happening, especially not in the week leading up to July 4). Also, AAA data (for regular unleaded) shows that the average gas price is $4.90/gallon, compared to $4.59/gallon one month ago and $3.08/gallon one year ago https://gasprices.aaa.com/ “Nothing but bullish news the last few weeks”? Please provide some examples of what you mean. I don’t follow. Shelter price makes up 32.29% of CPI, and [rent prices just hit an all time high](https://www.realtor.com/news/trends/rental-prices-hit-another-record-high-but-there-is-good-news-for-renters/) “Banks now expect a positive GDP Print next month” is that why JP Morgan Chase just laid off hundreds of people in the mortgage department, and why [Deutsche Bank just said that they expect “an earlier and somewhat more sever recession”?](https://finance.yahoo.com/news/deutsche-bank-recession-call-203128468.html) Again, I could be wrong, but I don’t think we’re even close to the bottom yet. I’m happy to hear the bullish case and I’m always willing to change my opinion when I’m presented with new information!

lupodiwallstreet

Yeah it’s mirroring the 08 speculation commodity bubble (largely was driven by oil) blurb here from a larger paper or read a while back. The last two weeks really jumped out to me and made me remember this. I’ll paste the link if you want a decent read too. “We have continued to track the flow of Index Speculator money into and out of crude oil futures through the end of 2008. In the first six months of 2008, Index Speculators poured between $50 and $60 billion into commodity indices such as the S&P-GSCI and the DJ-AIG, raising total investment from approximately $178 billion in January to $317 billion in July. This resulted in the buying of between 130 and 170 million barrels of WTI crude oil in the futures markets, and raising Index Speculatorsʼ stockpile of crude oil futures from approximately 517 million barrels to 665 million barrels. We believe this was the primary factor driving the rise of crude oil prices from $90 in January to $140 at the end of June. In July, Index Speculators began to pull money out of commodity indices causing the bubble to burst. In the last six months of 2008, we estimate that between $60 and $80 billion flowed out of these trades causing total investment to fall from $317 billion in July to approximately $87 billion at the end of December. This resulted in the selling of between 220 and 240 million barrels of crude oil in the futures markets, and taking Index Speculatorsʼ stockpile of crude oil futures from 665 million barrels in July down to 435 million barrels by the end of December. This selling on the part of Index Speculators, combined with the de-leveraging of hedge funds and other traditional speculators, were two of the major factors behind oilʼs historic crash from $140 to $40. “The fact that unrelated commodities such as aluminum, soybeans and natural gas all demonstrate very similar price patterns is further proof that Index Speculators and other institutional investors have been driving commodities prices. While we cannot put a price tag on the cost to America of these inflated prices across all commodities we are confident that the total cost to Americans from the commodities bubble easily exceeds $110 billion. In our new world of trillion dollar Wall Street bailouts, $110 billion does not seem as shocking as it once did, but this number must be put it in perspective. The U.S. Congress and President Bush passed the Economic Stimulus Act of 2008 in February of last year. It called for tax rebates of between $300 and $600 per person.7 By the time this stimulus finally reached the average American, the high cost of energy and food prices had nearly canceled out the entire economic benefit of the bill. At that point, the Stimulus bill simply helped Americans pay the “excessive speculation tax” levied on energy and other commodities.” https://www.bettermarkets.org/sites/default/files/The%20Accidental%20Hunt%20Brothers%20-%20Part%203.pdf

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>DGCX WTI CRUDE OIL FUTURES SETTLE AT $107.62/BBL, UP $3.35, 3.21% \>DGCX BRENT CRUDE FUTURES SETTLE AT $113.12/BBL, UP $3.07, 2.79% ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2022-06-24 ^14:41:14 ^EDT-0400

ListerineInMyPeehole

bear market rally given WTI is at 105 vs 120+ peaks

BorisYeltzen

You're a delusional idiot for not accepting the market is manipulated.. Or do you really think its legitimate buyers/sellers taking delivery of WTI crude to their front door? You do realise less than 20% of contracts traded end up with holders taking delivery? So delusional lol

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>Energy update: Oil - WTI (undated) 105.48 +1.75% Oil - Brent (undated) 108.77 +1.62% Natural Gas 6.359 +0.98% Heating Oil 4.243 +0.26% Gasoline 3.7251 +1.23% London Gas Oil 1245 +0.43% Carbon Emissions 8411 -0.02% \#Oil \#Brent \#WTI \#OOTT ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-06-24 ^07:19:48 ^EDT-0400

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>U.S. WTI CRUDE FUTURES RISE $1 TO $105.27 A BARREL ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2022-06-23 ^21:01:30 ^EDT-0400

Jaamun100

What does UCO track exactly? WTI crude oil is up much more than it after hours. Feels odd that they aren’t synced like qqq and tqqq.

BassMasterJDL

I am currently short WTI via SCO $22 calls for Aug 19. Mid 90s coming soon . May da best man win

Three_Tons

Would Roy Orbison have been long or short WTI oil futures right now? These are the sort of questions that perplex me...I guess he drove all night so maybe long?

lazymarlin

DVN is a sleeping giant I always forget about. Concerning OXY, I think we might see some serious price volatility. 84% institutional ownership & 11% short interest. I wouldn’t be surprised if Buffett makes a big play if the price stays in this range. None of that takes into account the vast amount of WTI they are bringing to market.

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>Energy update: Oil - WTI (undated) 104.14 -1.45% Oil - Brent (undated) 107.47 -1.57% Natural Gas 6.296 -8.46% Heating Oil 4.2156 -2.08% Gasoline 3.6731 -2.04% London Gas Oil 1240 -1.45% \#Oil \#Brent \#WTI \#OOTT ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-06-23 ^12:28:44 ^EDT-0400

king2ndthe3rd

Check out NRGD (Bearish) and its counterpart NRGU (Bullish), also another indirect way to short oil is via USO puts. Uso is an etf that holds futures contracts in WTI crude oil. UNG is for natural gas if you want to check that out too

Walternotwalter

As I sit here having my coffee I go through the macro economists and TA researchers various prognostications and then I look at Brent, WTI, and market futures and with oil down roughly 9% over the past 5 days (and no real evidence why aside from assumed demand destruction) then see this consolidation between 3600-3800 and understand that nobody knows shit about fuck.

CLNEGreen

Yes - and the weak world currencies aren’t making WTI $110. The weak work currencies make their oil cost probably 20 or $25 more than WTI. I’m just seeing domestic purchasing power declining at an alarming rate. Excess Global Demand has driven the base price of oil to the levels reported daily - correct? All while Purchasing power of the dollar domestically is being destroyed by Govt action: Over the past two years, as the Federal Reserve fought to rescue the economy from the clutches of the coronavirus, the central bank’s emergency remedies increased the nation’s money supply by an astonishing 40 percent. Get the full experience. Choose your plan That was almost four times as much new money as had been created during the two years that preceded the pandemic and, to some Fed critics, explains why the United States is experiencing its highest inflation since 1982. All that money chasing after limited supplies of goods such as cars, computers and furniture is inevitably bidding up prices, they say. The Fed agreed with that view the last time the United States had a serious inflation problem. In 1979, then-Fed Chair Paul Volcker clapped a lid on the money supply and drove inflation from a peak of 14.8 percent to 2.5 percent three years later, at the cost of two punishing recessions.

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>U.S. WTI CRUDE PRICES TURN POSITIVE ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-06-23 ^07:47:23 ^EDT-0400

serpus

Because lots of the US refining capacity is for Saudi oil, not WTI/WCS. It doesn't help to pump more domestically when we can't process any more of it.

djbuttplay

The oil stocks are valued as if oil fell a hell of a lot more. The PE on oil companies is generally very low. Like less than 10 and forward around 5. They have tons of free cash flow, authorized buybacks (which seems like a good time to do now), and pay hefty dividends. They make money when the price of oil is much lower. The time to buy puts on oil was two weeks ago. Buying them now that they are down 25% is too reactionary. I have tons of calls on oil stocks because they are bargain prices and can rip at any time. They are already priced for recession. If we get a bear rip in the next week they will move a lot. Check out S&P futures and WTI futures right now. They are moving in lock step temporarily.

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>Energy update: Oil - WTI (undated) 103.62 -1.94% Oil - Brent (undated) 107.14 -1.87% Natural Gas 6.707 -2.49% Heating Oil 4.2457 -1.38% Gasoline 3.6944 -1.47% London Gas Oil 1244 -1.12% \#Oil \#Brent \#WTI \#OOTT ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-06-22 ^20:00:50 ^EDT-0400

intj-sigma

Flattered msolorio but I haven’t purchased property in years. I’m not sure I’d be much help to you now. I stopped buying in 2005 and had the same property management company run my units until we liquidated everything in 2018. I’m a FT Forex/WTI trader now. I would recommend your first purchase being multi unit property. I bought a quadruplex & lived in one unit almost rent free while I rehabbed it. I kept moving into the other units when leases expired until all four units were remodeled (about a year). I then raised the rents & sold it. I then took the proceeds & 1031’d it into an eight unit apartment building from a seller who was a don’t wanter for very favorable terms. Repeat. Also put each one of your properties into separate LLC ‘s for legal protection/reasons. I named each LLC by the corresponding street name the property was on. You’ll need a trust eventually and you can roll them up under that once it’s in place. I hope that helped!

upsettispaghetti7

Most American refineries are designed to refine venezuelan and middle eastern oil, as it has historically been cheaper to import from them. There aren't very many that can refine WTI or similar domestic blends. Most oil produced domestically is actually exported for this reason. And retooling all those refineries would be incredibly expensive and would take years. The oil companies simply won't do it. Plus a bunch of domestic refineries went offline permanently in 2020 after oil prices went negative, and that's not helping the domestic gas price situation.

BufoHunter

why did WTI futures tank this morning?

matlakus

Concerns about the recession and possible reductions in fuel taxes in the US are pushing for oil Oil prices began to fall very sharply again after a strong correction at the end of last week. Oil is losing almost 7% and WTI is falling below the 100-day average for the first time since the end of December. In addition, most of the profits caused by the war in Ukraine have already been erased. Oil is losing ground due to fears of a recession and plans by the US administration, which is considering suspending fuel taxes for 3 months, which would encourage producers to increase oil production and processing. At the moment, however, the oil sector is not very happy with the temporary solutions and wants declarations that will ensure the existence of the sector in the long term. Let us recall that it was mainly the decisions of the administration that led to a significant decrease in processing capacity in the USA (over 1 mbd).

Sniper-J

>NEX at 11.09, BORR at 6.11, WTI at 8.46. Watch and weep… so far so good, lmao

farmtechy

I talked about buying WTI puts yesterday. Didn't cause I was busy. Now I look and I'm like.... F in the chat.

Lorne__Malvo__

S&P futures lower: S&P futures down 1.4% in Wednesday morning trading, a bit off worst levels, after US equities rallied sharply on Tuesday coming out of the long holiday weekend in the US and the biggest weekly pullback since the depths of the pandemic in the prior week. Treasuries rallying across the curve. Dollar firmer vs euro, sterling and the commodity currencies, though weaker on the yen cross. Gold up 0.1%. Phagcoin futures down 1.6%. WTI crude down 4.8%. Copper off 3.4%. Stocks back on the defensive after a Tuesday bounce that a lacked a specific catalyst and was largely chalked up to oversold conditions. Fed-led global monetary policy tightening still the big overhang on risk sentiment, particularly with the accompanying pickup in skepticism about the ability to deliver a soft landing. Such concerns seem to be on the front burner with the weakness in oil, copper and the broader commodity complex. Press reports and sell-side research have also flagged some continued softening of high frequency indicators and a ramp in recession probabilities. Earnings risk another high-profile theme as consensus continues to bake in elevated margins despite the combination of slowing growth and input price pressures. Biden to call on Congress to pass gas tax holiday though prospects for passage seem low with lawmakers from both parties expressing resistance. Citi economists estimated probability of a global recession nearing 50% as central banks get more aggressive. San Francisco Fed letter estimated supply issues account for about half the surge in US inflation, with demand factors driving a third of the increase. UK headline consumer inflation hit a 40-year high of 9.1% in May though core increase was a touch softer than expected. ECB's De Guindos said new anti-fragmentation tool should not interfere with overall policy approach, which should be focused on inflation. China to accelerate fiscal spending and sale of special local government bonds for infrastructure investment.

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>\*WTI Oil Drops 5% to $104.10 as U.S. Stock Market Poised to Open Much Lower ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-06-22 ^08:18:02 ^EDT-0400

pumbleton

VTNR. They just bought an oil refinery from Shell for 75 million last quarter and they haven't been revalued since. They refine 70k barrels of oil a day, and have hedged half the crack spread until September. My math says that they're making at least a million in day in profits with a market cap of 1B and will pay off the refinery they just bought just from this quarter's earnings. The stock was down 15% Friday from WTI being down and is only trading a little higher today, even though the crack spreads are as high as they've been this year. They're essentially trading at a forward PE of 2-2.5 right now, and have big upside next earnings report in August--they're going from .11 EPS to about $1.00 per quarter. If you're trying to be aggressive, it's got more immediate potential upside than almost anything I've seen in the market.

VisualMod

>Oils update: Oil - WTI (AUG) 105.31 -3.82% Oil - WTI (SEP) 103.13 -3.9% Oil - Brent (AUG) 110.54 -3.54% Oil - Brent (SEP) 107.66 -3.62% \#Gasoline 3.6336 -2.29% \#London Gas Oil 1385 +3.43% \#Oil \#Brent \#WTI \#OOTT ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-06-21 ^22:57:10 ^EDT-0400

pintord

Don't fight the FED... My SQQQ is doing pretty good and my DRIP started to turn around. WTI is crashing in Asia as I type this.

ElectronicReference5

I turned bullish but spotted peaks in oil and oil stocks quickly and I’m bearish once more, WTI OIL to $250 when the big war breaks loose and it’ll be very soon, check the bullish flag formin on WTI 25yr chart very strange $140 wouldn’t be time worthy of the patterns formation and $190-250 at this moment would be a massacre on peoples savings.

ElectronicReference5

I made some money in that moment of being bullish but quickly spotted peaks in oil stocks and oil itself, current WTI $108 I quickly flipped a U-Turn and became bearish Next prediction for oil is $250 when WW3 starts huge bullish flag on the WTI 25yr chart

VisualMod

>Oils update: Oil - WTI (AUG) 107.87 -1.48% Oil - WTI (SEP) 105.69 -1.51% Oil - Brent (AUG) 113 -1.4% Oil - Brent (SEP) 110.13 -1.41% \#Gasoline 3.6908 -0.75% \#London Gas Oil 1385 +3.43% \#Oil \#Brent \#WTI \#OOTT ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-06-21 ^20:17:50 ^EDT-0400

Jeff__Skilling

Probably sky high commodity prices, once /r/stocks gets wise to the fact that inflation is not solely dictated by the FOMC's target Fed Funds Rate. Doesn't help that WTI / HH are in the stratosphere at the moment and LCFS prices are in the shitter. But then again, the financial subreddits are usually ~6ish months late to the party when it comes to changing market fundamentals.

Jeff__Skilling

So what if inflation keeps increasing through 2023 (the US Federal Reserve can't really do anything about WTI / HH being at decade-highs at the moment....)? The equity you just cashed out (net of some fees and possibly tax consequences, as well) will continue to lose buying power, while, at the same time, the market value of your rental property appreciates in value (which you're still paying property taxes on and maintaining for renters). And you refinanced it for a larger quantum of debt (which will also include fees) at a much higher interest rate. Help me understand why this is a good idea again?

pokeholo23

Well I'm short for months on WTI/Brent oil. Sold the positions a few times and went short again a few times. Still short right now, awaiting to be rewarded.. can't last forever but what do I know

Diplozo

The primary way loose monetary policy drives inflation is by increasing demand, both from increased consumption and from increased investment (investment in real assets, not just financial assets). I didn't "conveniently" leave out the Fed's monetary policy over the past two years, I just didn't think I had to explain the basics of monetary policy to someone that apparently understands it better than the Federal Reserve. Let's go through it from the start: Pandemic and shutdowns reduce overall demand. The Fed employs monetary stimulus (cutting rates and starting QE) in congruence with the government employing fiscal stimulus (business loan guarantees, stimulus checks, et al.) to dampen the economic impact of the previously mentioned pandemic and shutdowns. At the same time as demand for various commodities, oil in particular, drop off a cliff (Global oil demand fell by about 30% in april 2020 vs april 2019. Not exactly what I would call "a few percentage points" but to each their own), Saudi Arabia and Russia engage in a price war, with Saudi Arabia temporarily increasing it's output from 9.7 million barrels per day to 12.3 million barrels per day. In response to concurrent demand destruction AND supply increases, prices absolutely crater, with WTI futures contracts expiring in april 2020 famously going negative. Around that time, Saudi Arabia and Russia reach a truce in their price war, and oil and gas producers drastically lower production and scale back investments in drilling, exploration etc. While demand bounced back relatively quickly as vaccinations effectively ended the "crisis" stage of the pandemic, supply has been slower to return, as it inherently takes time both to reopen shut down wells, but especially to find and develop new fields. The prices of fossil fuels affect everything else because they are involved in the entire economy, but food prices are particularly sensitive because fertilizer and shipping (both of which are VERY fossil fuel intensive) make up a large part of the cost of food. All of this was made even worse by Russia's invasion of Ukraine on multiple levels: Russia and Ukraine are the No.1 and No.5 largest exporters of wheat. Energy prices also soared furhter, both because of sanctions imposed on Russia, and because of uncertainty in the energy markets regarding wether or not Russia will further weaponize energy supplies and cut of exports to Europe entirely. Those supply constraints have been affecting us *while* the Fed and other central banks have kept stimulating demand, even as it was recovering on it's own. That is a problem, and the Fed's mistake was in not raising rates earlier, when the economy showed it was strong enough to maintain demand without being boosted by further stimulating monetary policy. Demand needs to cool, and that is what is being targeted by interest rate increase. However there are still supply constraints, and those won't be solved by increasing rates. ​ I'm not sure what I'm supposed to remind you of in 2 years? Should I remind you that the Fed ***didn't*** trigger a global depression because they ***didn't*** raise rates 3% in one go and "threaten" to raise them 3% again?

imsilver4fukyou

WTI looking like its gonna fall.

VisualMod

>U.S. WTI CRUDE CONTRACT FOR AUGUST RISES BY MORE THAN $3 TO SESSION HIGH OF $111.16/BBL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-06-21 ^10:44:44 ^EDT-0400

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>U.S. WTI CRUDE CONTRACT FOR AUGUS RISES BY MORE THAN $3 TO SESSION HIGH OF $111.16/BBL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-06-21 ^10:44:31 ^EDT-0400

NervousTumbleweed

It’s different oil. Not all oil can be refined in the same facility and not all oil is used for the same things. WTI and Brent are not the same type of oil you would get from Venezuela

farmtechy

puts WTI? Pretty sure that is my move this week. Not 100 percent sure.

Lorne__Malvo__

S&P futures sharply higher: S&P futures up 1.6% in Tuesday morning trading after US equities came under pressure again last week with the S&P down nearly 6%, its worst performance since the depths of the pandemic. All of the major sectors were down at least 4%. Treasuries weaker with curve steepening. Dollar weaker vs euro and sterling but firmer on yen cross, now strongest since 1998. Gold down 0.1%. Phagcoin futures up 2.6% and back above the $20K level. WTI crude up 2.2%. Nothing specific behind the bounce. Easiest excuse continues to revolve around deeply oversold conditions and depressed sentiment and positioning indicators. Also some talk of potential support from month- and quarter-end rebalancing flows. In addition, pickup in growth fears playing into speculation that some central banks may have to eventually blink despite continued inflation pressure. Bias remains to fade bounce attempts given the drag from Fed-led global tightening cycle. Also worries market focus could shift from policy overhang to earnings risk from a combination of slowing growth and still elevated input price pressures. Waller said he supports another 75 bp rate hike in July if data comes in as he expects. Bullard said Fed must meet market expectations for rate increases to combat inflation. Former Treasury Secretary Summers said US economy needs five years of unemployment above 5% to contain inflation. Elsewhere, White House increasingly likely to scrap some of the China tariffs on consumer goods, though no announcement expected before G7 summit next week. Biden said nearing decision on federal gas tax holiday and student loans and may announce something by end of week. WSJ highlighted jump in recession expectations among economists. Washington Post discussed slowdown in spending on travel, dining out and other leisure activities. Bloomberg discussed rising Covid cases in Shenzhen and Macau, while trends in Shanghai and Beijing continue to largely improve. TSLA-US CEO Musk clarified layoffs situation with 3.5% cut to overall headcount, including 10% of salaried workforce. Musk also said unresolved matters around TWTR-US deal, including bots issue. UBER-US resuming shared rides in select cities. K-US announced it would separate into three separate companies. LEN-US revenue beat but guidance disappointed as management said buyers pausing or reconsidering purchases. FDA rejected ACAD-US Alzheimer drug. JBLU-US submitted improved proposal for SAVE-US , though Spirit continuing to work with Frontier on offer.

red359

Keep an eye on the price of oil, as quoted by Brent and WTI. The price of oil has been a main driver for the inflation. Once that starts to come down, we should see a recovery start. (Fingers crossed) https://oilprice.com/oil-price-charts/

Havershad2

WTI big printer

VisualMod

>Oils update: Oil - WTI (AUG) 110.12 +1.24% Oil - WTI (SEP) 107.84 +1% Oil - Brent (AUG) 115.22 +0.88% Oil - Brent (SEP) 112.34 +0.8% \#Gasoline 3.7853 +0.61% \#London Gas Oil 1385 +3.43% \#Oil \#Brent \#WTI \#OOTT ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-06-21 ^00:01:51 ^EDT-0400

GBralta

I’m so stupid. I sold all of my WTI at $8 and set a limit buy at $7. Now look at me: struggling.

Hold_my_beef

I have been patienting until 110,5/111$ target hits on WTI to trigger the short to finally get restricted haha

EnvironmentalClub410

Lol, ah yes the “oil price spike”. From $92/barrel WTI before the invasion all of the way to…$109/barrel today. Up all of…18%. Such a massive spike, clearly explains why gas prices have risen…43% over that same period. I guess a lack of refining capacity due to pandemic shutdowns must have nothing to do with it. The fuck lol? The number 1 thing so had an issue with was you stating that “corporate greed” was to blame for high gas prices. So you respond by suddenly pulling a 180 and admitting that corporate greed has nothing to do with it and it’s really OPEC (which is not even a “company”)? I mean, I can’t argue with you there, but it’s literally the opposite of what you were saying previously so I’m not sure how I’m supposed to argue with someone who just completely changed their position when called out.

XHoofHeartedX

Anyone have a read on XOM, OXY, WTI (not the crude but the offshore drilling co.). It’s just down down down any help with the technicals behind this Double Deuce or any looks on light at the end of this Ramen noodle for dinner and cold shower on for AC world I now call DIAMODHOME would be very super. #XOMDOWNBUTRECORDGASPRICES

JermaSucksAtGames

More WTI puts

Hold_my_beef

That's why I'm waiting a little green candle until 111$ on the WTI to trigger a puts contract. And ofc with 15July exp I wont wait a big crash like a tard but just sell with a reasonnable profit.

Hold_my_beef

Yeah I was looking for it or MCL that is just basically WTI micro-futures

AssociationDouble267

I would avoid shorting an oil company right now. Most of them built their budgets assuming $80-100 WTI prices, and most are trading at 9-11x earnings, which means the market is pricing in that the current high prices aren’t permanent. Even if your thesis is correct, and oil comes down to $80/bbl, I don’t see oil stock prices dropping significantly. Especially when you consider the sector has already dropped significantly in the last week

larrykeras

WTI is an acronym for the type of physical commodity (west texas) /CL is the symbol for the future product of WTI. WTI is the symbol on the NYSE for a company. it is neither a future or directly related to trading of the crude oil. USO is a pretty shitty ETF related to the oil futures. XOP/XLE are 2 popular ETF based on oil companies. they have decent options liquidity. know your instrument.

adjebitdax

WTI is $109. So bearish. 🙄

VisualMod

>BRENT, WTI CRUDE FUTURES PARE EARLIER GAINS, TURN NEGATIVE ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2022-06-19 ^21:04:50 ^EDT-0400

JerksToYourLossPorn

WTI dipped a bit but gas prices at my station didn't 

JermaSucksAtGames

WTI

fuscosco

> Crude Oil WTI Aug 22 107.99 16:59:59 😬

JW-Wolf

"As recession fears grow, it’s a good reminder that in over 60 years of history, y/y global oil demand has only fallen in 10 of these years. Most minor recessions actually see very little oil demand destruction globally (if at all). #oott #energy #WTI"

Havershad

I hit my 6$ WTI put and im losing money but it was worth more when it shot to 7 ireally thoughtri understood optionjs, maybei boguht 6 too early after cashing 7?

vigocarpath

Canada has plenty of WTI oil.

JermaSucksAtGames

I'm 370% up on WTI puts from last week.

JermaSucksAtGames

I'm 370% up on WTI puts last week.

rdawg214

Best WTI crude oil price predictions for September?

Lease_Tha_Apts

Saudi oil isn't as bad as Canadian or VZ tbh. It's relatively light so you can get the same amount of gas out of it as as WTI or Brent. The issue is usually desulphurization.