WTI — The “October Surprise” — October 3, 2024

Locator: 48475WTI.

https://oilprice.com/Energy/Oil-Prices/Oil-Explodes-4-Amid-Talk-of-Israel-Attacking-Iranian-Oil-Gas.html.

$73.23. Up 4.5%. Up $3.13.

Don’t let anyone fool you. The only reason folks watch NASCAR is for the wrecks.

The only reason traders buy energy —

Investors buy energy for another reason. Think India. By the way, I have to come back to the India story some time.

My post, earlier this morning: https://themilliondollarway.blogspot.com/2024/10/the-mideast-waiting-game-october-3-2024.html.

If nuclear site access points are not taken out, it gives Iran time to re-think their strategy and it corroborates any serious thinking that Iran’s nuclear program is an existential issue.

The best thing one of my former USAF commanders taught me: wait to react and don’t over-react. Major General John L. Barry, Incirlik Air. Base, Turkey. Link here.