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$70 #12747206 05/08/18 08:30 AM
Joined: Nov 2016
Posts: 582
F
FXfromTx Offline OP
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Joined: Nov 2016
Posts: 582
I'm surprised this hasn't been posted yet. WTI closed above $70 yesterday for the first time since November 2014. Up 52% in the last year. cheers


"The fishing was good; it was the catching that was bad."
Re: $70 [Re: FXfromTx] #12747229 05/08/18 10:46 AM
Joined: Mar 2015
Posts: 5,413
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TCK73 Offline
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I saw that yesterday, love it! cheers

Re: $70 [Re: FXfromTx] #12747293 05/08/18 12:37 PM
Joined: Jan 2008
Posts: 41,789
Ghost4BH Offline
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Posts: 41,789
banana

Re: $70 [Re: FXfromTx] #12747294 05/08/18 12:39 PM
Joined: Oct 2005
Posts: 85,892
John175☮ Online Happy
MACHO MAN
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MACHO MAN
Joined: Oct 2005
Posts: 85,892
Stress in the middle east.


“Do not pray for easier lives. Pray to be stronger men.†-JFK
Re: $70 [Re: FXfromTx] #12747311 05/08/18 12:49 PM
Joined: Oct 2006
Posts: 94,876
Bigbob_FTW Online Content
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Big Sprocket Bob
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our plants are full of work.


[Linked Image][Linked Image] FJB
Re: $70 [Re: FXfromTx] #12747317 05/08/18 12:54 PM
Joined: Dec 2004
Posts: 4,934
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joebass2 Offline
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Re: $70 [Re: FXfromTx] #12747324 05/08/18 01:00 PM
Joined: Jul 2006
Posts: 49,273
RATZ Online Happy
Activity Coordinator
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Now if it just stay there I think everyone would be happy. Gas is still affordable, and the pumps are pumping. So much drilling now my BIL has gone to WV to do some perforating there.


If God is your co-pilot then change seats

https://abaltcustomlures.com/



[Linked Image][Linked Image][Linked Image]
Re: $70 [Re: FXfromTx] #12747351 05/08/18 01:23 PM
Joined: Apr 2008
Posts: 40,432
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CCTX Online Content
mapquest
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mapquest
C
Joined: Apr 2008
Posts: 40,432
Yep, this is the sweet spot.

If it gets higher, costs of construction, material costs of suburban expansion, cost of commutes to work go up and there's contraction.

Cyclical.


[Linked Image]
Re: $70 [Re: FXfromTx] #12747364 05/08/18 01:29 PM
Joined: May 2002
Posts: 5,699
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JCG57 Offline
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Joined: May 2002
Posts: 5,699
About to put my deceased FIL's house on the market in Monahans and already getting unsolicited offers - hot, oil-driven housing market!

Re: $70 [Re: FXfromTx] #12747380 05/08/18 01:38 PM
Joined: Oct 2010
Posts: 14,695
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Frenzy Offline
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Joined: Oct 2010
Posts: 14,695
It'll drop if Trump isn't tough on Iran today.




Re: $70 [Re: FXfromTx] #12747463 05/08/18 02:43 PM
Joined: Jan 2009
Posts: 50,006
fouzman Offline
Methuselah
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Sounds great, but Permian crude is trading $15 off the benchmark. Not enough takeaway capacity. Still profitable for the producers, though.


"Things turn out best for those who make the best of the way things turn out" - Zachary Troy Schrah - a young man with vision far beyond his years.
Re: $70 [Re: Frenzy] #12747465 05/08/18 02:44 PM
Joined: Jan 2009
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fouzman Offline
Methuselah
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Originally Posted By: Frenzy
It'll drop if Trump isn't tough on Iran today.


Most of that sell-off came post close and in overnight trading. Buy the rumor, sell the fact. I agree it will drop some more, but most of it has already been priced in.


"Things turn out best for those who make the best of the way things turn out" - Zachary Troy Schrah - a young man with vision far beyond his years.
Re: $70 [Re: FXfromTx] #12747511 05/08/18 03:11 PM
Joined: Jan 2009
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fouzman Offline
Methuselah
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Shows you what I know. WTI now down $2 on profit taking pre-announcement. Funds are jumping out with program trading killing it. Down another $1 in the time it took me to type this.


"Things turn out best for those who make the best of the way things turn out" - Zachary Troy Schrah - a young man with vision far beyond his years.
Re: $70 [Re: FXfromTx] #12747544 05/08/18 03:39 PM
Joined: Oct 2010
Posts: 14,695
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Frenzy Offline
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Joined: Oct 2010
Posts: 14,695




Re: $70 [Re: FXfromTx] #12747548 05/08/18 03:42 PM
Joined: Jan 2009
Posts: 50,006
fouzman Offline
Methuselah
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Methuselah
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Posts: 50,006
We're already $1.25 off the lows. Sanctions will be on!


"Things turn out best for those who make the best of the way things turn out" - Zachary Troy Schrah - a young man with vision far beyond his years.
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