I Don't Want Anyone To Tell Me Again That The Price Of Crude Is Set Globally

[gab13by13]

Brent Crude is up 3%
WTI Crude is down 4%

The US bombed Iran yesterday and Iran threatened to attack US ME military bases, Hormuz is still closed.

The price of gasoline in the US is coming down. The numbers are being manipulated to protect Krasnov.

[Fiendish Thingy]

1. Who is manipulating them?

Is someone arbitrarily lowering the price in the bidding for futures?

Is it a conspiracy amongst the billionaires, one that can overrule the natural fear and greed motivations that generally drive the market?

I have seen no evidence, but then, I also don’t believe the 2024 election was stolen or the assassination attempts were staged.

The stock market, on the other hand, there is plenty of evidence for manipulation and insider trading there.

[gab13by13]

2. Yes

You underestimate "them."

Statistical anomalies tell me that the 2024 election was stolen. Surges in vote for Krasnov on election day, but only in the battleground states, in no other state defies my logic.

I believe that water is wet, until it isn't.

[Fiendish Thingy]

4. 2024 election Denialism is just as kooky and evidence-free as 2020 election denialism

The difference being that no Democratic aligned lawyers have been willing to sacrifice their law licenses for such nonsense.

There are other things that are wet besides water.

There is only one statistical anomaly you need to know:

Nine million fewer voters went to the polls in 2024 than in 2020.

[gab13by13]

6. I learned to not argue with people whose minds are made up.

It's not like Republicans haven't stolen elections before.

Al Gore - won - no reason for Jeb Bush to stop the recount - no reason for the Supreme Court to pick out president

John Kerry - won - the votes from Ohio were diverted to a warehouse in Tennessee and back again. The programmer who did it was on a small plane headed to DC to testify about it when his small plane crashed.

The only nonsense is believing that Republicans don't cheat to win elections.

[Fiendish Thingy]

10. Hannah Arendt said it best:

“If everybody always lies to you, the consequence is not that you believe the lies, but rather that nobody believes anything any longer… And a people that no longer can believe anything cannot make up its mind. It is deprived not only of its capacity to act but also of its capacity to think and to judge. And with such a people you can then do what you please.”– Hannah Arendt

[a kennedy]

3. I think it's funny that one of our local gas stations which is a truck stop on the Interstate has gas almost 10 cents

cheaper then their gas stations in town. Same company Kwik Trip, but that’s only on weekends they’re cheaper, on Monday, (not Memorial Day Monday), but every other Monday, they’re back at the same price as the in town stations. Weird I’d say.

[Johonny]

11. The White House has clearly been engaged in

Manipulation, dumping, leaking, false deal information on a weekly basis. If there has been insider trading on such information, there has, it isn't likely being investigated by this White House.

Has this kept actual prices down? Not so much. The futures market hasn't been strongly coupled with the actual price of oil for some time now. The assumption is the manipulation will continue...

[mopinko]

5. if they're buying american oil,

i wd say, yes, there’s plenty of room to manipulate. plus, they’re tacking on some extra profit, cuz they can.
they’re ramping up gas prices based on the price of oil that’s not even in the pipeline yet. all the room in the world to play w numbers.

[gab13by13]

7. I'm simply asking the question

if the price of crude is set globally, why did Brent crude go up at the same time that WTI went down?

[DetroitLegalBeagle]

8. They are 2 different markets

Brent and WTI are 2 different markets. Overall, they are linked by common market dynamics, but specific ones to each can cause them to deviate from each other. Brent is far more affects by foreign production, like from OPEC, and shipping disruptions. WTI is more affected by domestic production and pipeline disruptions. Also, the timing matters, the contracts on each market expire at different times. They aren't synced.

[Justice matters.]

9. Big Oil CEO's have already enjoyed a maximum return on their investments

after they donated a billion to the gangster's campaign.

And now that they see their puppet's mismanagement is turning voters against the Rebulicrooks in the polls, they decided to lower the margins at the pump a little in the hopes of not losing the election.

They've had more than enough 'free' cash already since two months.