Ted Turner: biographer speaks for Ted Turner.
The meme is unchanging: supply won't meet demand this summer. "Everyone" is repeating that data, and the consensus is that oil will reach $100 this summer. Since we're already at $94 getting to $100 is not all that unlikely. Now, this today: Middle Eastern oil nations hike prices as production falters. Link to Gerald Jansen.
Glad it's over: the Olympics. It sounds like "everyone" agrees.
WTI: gained 2.44% today; up $2.22; closed at $93.29.
Active rigs:
| $93.29 | 2/21/2022 | 02/21/2021 | 02/21/2020 | 02/21/2019 | 02/21/2018 |
|---|---|---|---|---|---|
| Active Rigs | 33 | 15 | 54 | 66 | 55 |
No daily activity report; Presidents' Day.
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