🔁Mario Nawfal:
OIL DROPS HARD AS OPEC+ CRANKS THE FAUCET BACK ON
Remember when war had oil prices freaking out? Not anymore.
Prices just crashed back to $67 after Israel and Iran called a ceasefire.
OPEC+ is now planning to pump out even more oil in August - another 411,000 barrels a day, like it’s free refills season.
Meanwhile, U.S. oil rigs hit their lowest number since 2021, but nobody seems to care.
Peace in the Middle East, more oil on the market... and your gas tank might finally stop bullying your wallet.
Source: Reuters
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
OIL DROPS HARD AS OPEC+ CRANKS THE FAUCET BACK ON
Remember when war had oil prices freaking out? Not anymore.
Prices just crashed back to $67 after Israel and Iran called a ceasefire.
OPEC+ is now planning to pump out even more oil in August - another 411,000 barrels a day, like it’s free refills season.
Meanwhile, U.S. oil rigs hit their lowest number since 2021, but nobody seems to care.
Peace in the Middle East, more oil on the market... and your gas tank might finally stop bullying your wallet.
Source: Reuters
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
1 day ago
