That Was A Short Correction -- Markets Just Turned Green -- Looks Like The Traders / Movers / Shakers Made Their Money -- Back To Where We Were -- August 3, 2023

Locator: 45316MARKET.

As Jamie Dimon, et al, said: Fitch's AA+ doesn't matter.

Oil and natural gas:

• WTI: up 2.69%; up $2.14; trading at $81.63
• Brent: up 2.25%; just went over $85
• Murban (the "one in demand" right now): up 1.42%; at $86.29
• natural gas: up 3.75%; trading at $2.570

Market:

• CVX: up 1.18%; up $1.88; trading at $161.61.
• BUD: up 1.69%; up 95 cents; trading at $57.16.

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For The Archives

Link here.

March 16, 2020. Slightly more than three years ago.

Let's say, average price for oil when "they" were drilling Tier 1: $60.

Let's say, average price for oil when majority of new wells are Tier 2: $120.

1000 bbls at $$60 = $60,000.

700 bbls at $120 = $84,000.

 

My reaction: