U.S. West Texas Intermediate crude CLc1 rose to a high of $26.61 and was traded up 4.6%, or $1.16, at $26.25 as of 2206 GMT.
Hahaha, lots of $ going to made and lost over that little mtg
Isn't it against the law to manipulate prices ? How can a group of billionaires get together and say let's give the world less of our product so we can charge more money ? If a group of gas stations in a city set a price and all charge the same they call it price fixing.
It will take no more than 3 or 4 days. Because airplanes do not fly in the sky, there is no production, no consumption. Why should oil price rise?
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: Reuters - 🏆 2. / 97 Read more »
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Source: WSJ - 🏆 98. / 63 Read more »