- The Biden Administration will purchase 60 million barrels of crude in Q3.
- CNN: Delivery of those first 60 million barrels would be paid for with revenue received from sales of emergency oil.
- The full process for replenishing the SPR will take years.
Oilprice
Oil Prices Top $111 As Biden’s SPR Buyback Plan Leaks
Charles Kennedy
7 comments:
We're Going To See Vols Crash Up Here In A Climactic Fashion; Hold Onto Your Hats; Lets Hope 4100 Slows It Down A Bit"
https://seekingalpha.com/instablog/910351-robert-p-balan/5727875-may-5-2022-pam-gurus-gems-going-to-see-vols-crash-up-in-climactic-fashion-hold-onto-your-hats
" It's scary that at -3.5% ES and -4.5% NQ vols are only up 4 and 5 points respectively. More evidence of flat out macro selling -- its large portfolios shedding everything.
If they were hedging you'd expect a nice big rebound like what we got yesterday. Hedging is bullish in a sense (longer term). macro selling - is a signal that not all is right in the world"
If true what do the large portfolios know that we don't ?
Poland about to enter Ukraine ?
If true why are they shedding everything ?
Is there another reason anybody can think of ?
Sell in May ?
Please don't escalate, please don't escalate, please don't escalate ....
Nice video Mike I hope it is the swimming pool.
Not an escalation in the war. That looks more and more likely every week.
I honestly don't know where you find the courage to trade at this time. The FED is a waste of space at the best of times. With all this fog of war Intel flying around it is even more irrelevant.
Vix is already elevated every one is bearish and buying puts…
Vix has been at 30+ for as long as I can remember…
Selloff today just puts us back to we were yesterday before Fed just did what was already expected…
On,y th7ng maybe not expected was another 30 day delay in the QT..,
Fingers crossed. I hope It is a text book case of a correction.
Way too much going on anything could happen, crazy days man crazy days. For the first-time since the war started you can't keep up with the intel. It is flying everywhere out of all the Baltic states and some.
We’re not getting it here,,,
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