« 6TH POPE Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Oil jumps to 13 week high 

By: CTJ in 6TH POPE | Recommend this post (2)
Wed, 08 Jun 22 7:21 PM | 21 view(s)
Boardmark this board | 6th Edition Pope Board
Msg. 32730 of 60014
Jump:
Jump to board:
Jump to msg. #

Oil prices rose about 2% to a 13-week high on Wednesday as U.S. demand for gasoline has kept rising despite record pump prices, on expectations China’s oil demand will rise and on supply concerns in several countries.

Brent futures rose $2.77, or 2.3%, to $123.34 a barrel by 12:41 p.m. EDT. U.S. West Texas Intermediate (WTI) crude rose $2.64, or 2.2%, to $122.05.

The kooks on the left say “The President doesn’t control gas prices”.

But the truth is the Federal government Regulates the exploration, production and sale of oil. Which determines the supply of gas. Supply=price.  




» You can also:
« 6TH POPE Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next