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BumRushDaShow

(173,210 posts)

2. Since the main hold-up for the supply was transport and not production

Reply to WSHazel (Reply #1)

Thu Jun 18, 2026, 08:06 AM

3 hrs ago

they are sitting on a glut at the moment, and once the transport issue is dealt with, they are going to have to calibrate that to keep the prices up above "breakeven", otherwise it could crash into the $50/bbl range.

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Strait of Hormuz reopening may take weeks to ease shipping backlog and oil pressure [View all] BumRushDaShow 4 hrs ago OP

It is strange that oil is under $75/barrel this morning WSHazel 4 hrs ago #1

Since the main hold-up for the supply was transport and not production BumRushDaShow 3 hrs ago #2

I think $50/barrel is a good target WSHazel 1 hr ago #3