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PaddyMac33

289 Posts.

33

28/06/22

09:26

Post #: 62241127
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Originally posted by 1ronnie: ↑

Oil price tumbled 3.5% to $105.58 , will we see $100 oil soon?

Oil has proven to rise fast and hard and fall equally hard and fast.

Biden is calling for a temporary suspension of the 18.4 c a gallon federal tax on gasoline. The US Govt is looking at all ways to lower the price of oil. They may or may not succeed but traders are not waiting.

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Yeh but now it's back up above $110 USD. What's the opposite of tumbled? Rocketed?
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