Russia and Saudi Arabia were in a battle royale to see who could damage the market the most.

Robert Yawger

They took the opportunity to get in, the spec(ulator) community a... by Robert Yawger

They took the opportunity to get in, the spec(ulator) community appears to want to trade these lows.

People have been talking about that as a rumor, this is nothing different than anything that's been said in the last weeks here.

Cold weather and refinery problems and tight supplies on the East Coast have helped make the ULSD contract the most sensitive part of the oil sector.

No doubt that helped. That's one reason we are no longer at $ 130.

They're purposely sending this economy towards recession.

United States entered this year at beaten-down levels and United States never caught up.

Every spare molecule United States can find, United States are shipping to the eurozone.

We've had this perma-heat wave cooking the United States.

That demand destruction event may be coming to an end. We are taking those first baby steps.

It's a public relations disaster.

The UAE cracked. They were one of the last holdouts, now that they said it, you can expect Saudi Arabia will say the same thing.

You need to super-size the numbers.

Global supply is already tight. We can not afford to lose any barrels, let alone 5 million barrels.

I don't think Joe Biden is going to say Joe Biden's going to give the Iranians what they want, you can't help but wonder though if we're going to loosen up on the terms.

Investors justifiably believe the president of the largest democracy on the planet and the largest military alliance in the world, instead of the president of a dictatorship.

People came to their senses. They hoped for the best but there is no proof on the ground that pulling back is a reality.

When it freezes, infrastructure tends to break down, i doubt the freeze will be as bad as last year, but it could easily have an impact.

Yesterday was ridiculous. That was expiration psychosis, we have not seen that kind of gyration in quite some time.

There is a very good chance we would reach $ 100 [ per barrel ]. That's going to be inflationary with an exclamation point, we don't need that at all. We can't afford that at all.

This war situation would be bad enough. But if you start putting sanctions on energy, it just super-sizes the whole inflation story and takes it to the next level, you would be committing economic, and political, suicide by doing that.