Monday, September 27, 2021

Notes From All Over -- Part 5 -- The Surging Price Of Oil -- September 27, 2021

$76.12. After the close, WTI traded up almost another one percent, almost another 70 cents. This evening, WTI is trading at over $76. 

Price of WTI: I posted Cathie Wood's tweet when she first tweeted it. The tweet being re-tweeted at this link. What a doofus. I said so at the time. I can't remember my exact words, but surely my sentiments. Here's the post, back on June 4, 2021.

I remember Jim Cramer also suggesting the price of oil had peaked. It's interesting. I suggested in a post that the price of oil can take wild swings.  I posted a screenshot of the historical price of oil to prove my point. I've long forgotten but I think I thought there was a chance that the price of WTI could surge. Whatever.

But what in the world drove WTI from $50 to $75 in such a short time this time around?