lost already 180 millon barrels (against 400 million release, allegedly, so 14 days left until they are forced to tap them again lmayo, total availability is around 1 billion, with 10-20% being very dodgy to get out, not to mention that’s apocalypse scenario for harvest).
oil futures 12 months out at 76 bucks, so whoever wanted to sell into it (russia/nigeria/usa) already gotten their money worth whatever happens tomorrow.
#roadto300 if this shit goes on for a month without changes
lost already 180 millon barrels (against 400 million release, allegedly, so 14 days left until they are forced to tap them again lmayo, total availability is around 1 billion, with 10-20% being very dodgy to get out, not to mention that’s apocalypse scenario for harvest).
oil futures 12 months out at 76 bucks, so whoever wanted to sell into it (russia/nigeria/usa) already gotten their money worth whatever happens tomorrow.
#roadto300 if this shit goes on for a month without changes
Not quite how it works. Because even thought they’re releasing 400m, their release capacity, I heard, is only 2m a day