Crude Oil Going Down Today Makes No Sense

[gab13by13]

I am told that because a senile, stupid, insane old man, who happens to be the most powerful person on the planet, decided to pause WW III for a short period was reason enough to drop the price of crude.

My 5th grade reading comprehension teacher would give me an F for that summary.

The market reacts to what Krasnov doesn't do.

Someone convinced him not to bomb Kharg Island - crude goes down. How will it react when he tries to capture Kharg Island?

[Klarkashton]

1. It's temporary.

[gab13by13]

3. I agree,

The only thing that is permanent is that this isn't going back to the way it was for very long time.

Gasoline here in central Pa. $3.89/gal, diesel $5.99/gal.

[DFW]

8. Anticipation

I remember right before Bush Sr. went into Kuwait, the day before the attack, gold was shooting higher. The next day, when the invasion was launched, gold dropped about 10%.

A lot of serious speculation happens in times like these, and sometimes a lot of supply gets temporarily hidden to let demand push the price up. The people with the big temporary positions, often on paper, are the first to dump them, first, to max out on their speculation, and then second to bring their exposure down to zero.

If your broker trusts you, you can call and say “go long 100,000 barrels of light Brent Crude” when it’s, say, $70 a barrel, and then sell it at $100 a barrel, and you get the check for the difference minus the interest. Quickest $3 million you ever made. BUT—if it goes down, you’re responsible for making up the difference, which is where the broker trusting you comes in. It’s not a game for the fainthearted (call me fainthearted—I do not play, even if there is a broker out there foolish enough to trust me to come up with $3 million if I guess wrong).

[Old Crank]

2. Don't worry.

Someone or ones knew when to sell and buy on the futures market and made a bunch of money based on the timing of the announcements.
Wonder if Trump got his cut.

[dweller]

6. Ya think ?

😑



✌🏻

[Fiendish Thingy]

4. Makes sense to me. Nt

[HappyH]

5. Crude is down, makes no sense

Gas price locally for the cheap stuff up a dime overnight. Makes less sense.

[sarisataka]

7. If you consider that the investors

In the market are looking for profit and are extremely reactionary, it makes perfect sense

[GreatGazoo]

9. Oil went negative in April of 2020 during Covid lockdowns

($37.63) per barrel on April 20, 2020. Literally paying you to take delivery.

Oil isn't like other commodities or stocks. It is a supply chain where contracts to take delivery on a certain date are traded right up to the delivery date. Like musical chairs, whoever owns the contract on the delivery date has to send some trucks to Cushing, Oklahoma (or another specific site) and receive the oil.

Super volatile right now so it will respond to hints, lies and tea leaves. He is doing all he can to manipulate the price -- Jones Act suspension, pausing Iran sanctions (!). Anything.
- - - -

The strange world of Cushing OK:
https://rbnenergy.com/daily-posts/blog/everything-you-need-know-about-cushing-oil-hub-0

[LetMyPeopleVote]

10. Volume in stock and oil futures surged minutes before Trump's market-turning post

There may be some significant insider trading taking place. trump may have tipped someone who is going to make some significant money on this information.

Link to tweet

https://www.cnbc.com/2026/03/23/volume-in-stock-and-oil-futures-surged-minutes-before-trumps-market-turning-post.html

S&P 500 futures and oil futures flashed an unusual burst of activity early Monday minutes before a market-moving social media post from President Donald Trump.

At around 6:50 a.m. in New York, S&P 500 e-Mini futures trading on the CME recorded a sharp and isolated jump in volume, breaking from an otherwise subdued premarket backdrop. With thin liquidity typical of early trading hours, the sudden burst stood out as one of the largest volume moments of the session up to that point.

A similar pattern was observed in oil markets. West Texas Intermediate May futures also saw a noticeable pickup in trading activity at roughly the same time, with a distinct volume spike interrupting otherwise quiet conditions.

Roughly 15 minutes later, at 7:05 a.m., Trump said on Truth Social that the U.S. and Iran had held talks and that he was halting planned strikes on Iranian power plants and energy infrastructure. That announcement prompted an instant rally in risk assets, with S&P 500 futures soaring more than 2.5% before the opening bell. West Texas Intermediate futures dropped nearly 6% following the announcement......

The timing of the earlier volume spikes across both equities and crude caught the attention of traders, particularly given the absence of an obvious catalyst at the moment they occurred.

Early-morning futures markets are typically less liquid, which can make short bursts of buying and selling more noticeable than during regular trading hours. Still, the trades raised some eyebrows because whoever purchased a large amount of stock futures and sold or shorted crude futures at that moment made a lot of money just minutes later.