Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Oil Prices ‘Dip’ On IEA SPR Release, OPEC+ Output Headlines

Courtesy of ZeroHedge View original post here.

As expected, OPEC+ delegate sources are being reported as confirming the cartel will boost output by 400k bbl/day. Additionally, it is being reported that IEA members have agreed to release 70 million barrels from their strategic stockpiles in an effort to balance the extreme tightness (seen in the record backwardation) in the energy markets, which has been exacerbated by Russian sanction threats.

The reaction was muted to say the least as WTI dipped less than $1…

At current levels, US gas prices will be north of $3.70 within a week on their way to $4 soon…

As a reminder, gas prices have done nothing but rise, despite the relative collapse in the US SPR…

So what will be different this time?


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!