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BumRushDaShow

(174,324 posts)

4. Oddly since the last big drop

Reply to gab13by13 (Reply #3)

Sun Jul 12, 2026, 08:01 AM

9 hrs ago

oil futures haven't reacted as dramatically as in the past, probably because it unexpectedly dropped below the "breakeven" costs for a number of U.S. drillers, and they are finding themselves on the verge of a coming glut (since the supply disruption was due to transport vs actual volume).

It's been sitting around the $72/bbl level since the big drop down to around $65/bbl, after multiple promises were made and then broken.

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BlueMTexpat

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