Why did oil price spike higher at 10:50 AM ET???

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dan_s
Posts: 37341
Joined: Fri Apr 23, 2010 8:22 am

Why did oil price spike higher at 10:50 AM ET???

Post by dan_s »

CHINA ORDERS TOP ENERGY FIRMS TO SECURE SUPPLIES AT ALL COSTS REPORTS - BLOOMBERG at around 10:30 AM ET
Dan Steffens
Energy Prospectus Group
dan_s
Posts: 37341
Joined: Fri Apr 23, 2010 8:22 am

Re: Why did oil price spike higher at 10:50 AM ET???

Post by dan_s »

WTI has gained $2.50/bbl since this news came out.
Dan Steffens
Energy Prospectus Group
Fraser921
Posts: 3240
Joined: Mon Mar 22, 2021 11:48 am

Re: Why did oil price spike higher at 10:50 AM ET???

Post by Fraser921 »

Central control gotta love it!

They could of had it for 50 % less 6 months ago and stop their silly feud with Austrailia.

I follow shipping stocks. This is a bonanza for names like

GOGL
SBLK
GNK

Put them all on your watch list and do your own DD. Q3 earnings > They will be spectacular
Fraser921
Posts: 3240
Joined: Mon Mar 22, 2021 11:48 am

Re: Why did oil price spike higher at 10:50 AM ET???

Post by Fraser921 »

Sblk

Wall Street will be looking for positivity from SBLK as it approaches its next earnings report date. In that report, analysts expect SBLK to post earnings of $2.09 per share. This would mark year-over-year growth of 646.43%. Meanwhile, our latest consensus estimate is calling for revenue of $402.56 million, up 101.06% from the prior-year quarter.
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