Oil

[Bobdn]

Oil is holding steady at $107 USD and the NZD is weaker than my resolve to give up potato chips.

Could we see double digit inflation in NZ by the end of the year?

[Mr Cashflow]

Spiking oil prices is not a good thing. Oil is in everything. So high inflation will prevail at least until 2024.  Hope oil is not going to hit $150 or $200. 
https://www.reuters.com/business/energy/france-wants-iran-venezuela-return-oil-markets-2022-06-27/

[Mr Cashflow]

Oil is back to $70.  Industry Analysts were wrong.

[BlackPeter]

Oil is back to $70.  Industry Analysts were wrong.

Nobody can predict the future. Neither analysts nor anonymous posters on some internet forum

[arekaywhy]

Nobody can predict the future. Neither analysts nor anonymous posters on some internet forum

Greta can.  We have 9 days left apparently.

[BlackPeter]

Greta can.  We have 9 days left apparently.

I doubt she said that. Did she?

[Ferg]

Nobody can predict the future.

Nonsense.  Anyone with a modicum of cognitive ability and an ability to communicate can make a prediction.*

I predict you will make the statement quoted above, or similar, at least as many times as you have already made it in online forums.  I also predict in future such statements will contain a qualification.



Back on the subject of oil: futures are great at predicting future prices of commodities.
https://www.marketwatch.com/investing/future/cl.1/charts

_{*Although such predictions may or not be correct.}

[mcdongle]

Saudi Arab Light Blend almost $100 a barrel, Article on how its priced.

https://archive.ph/rFYvN

[Basil]

I'm getting scared at the cost of filling my boat up this summer.  It isn't going to be cheap that's for sure.

[BlackPeter]

I'm getting scared at the cost of filling my boat up this summer.  It isn't going to be cheap that's for sure.

Luckily it doesn't hit a poor man ;

[Stoploss]

I'm getting scared at the cost of filling my boat up this summer.  It isn't going to be cheap that's for sure.

Maybe use the Z sharetank thing and do a bulk purchase now?

[Shareguy]

Maybe use the Z sharetank thing and do a bulk purchase now?

Sharetank is great. You can save lots.

[Basil]

Yeah I thought about joining up with the Z sharetank thing just before the 25 cent + GST excise levy was reinstated but was flat out at the time and didn't get around to it.

[Mr Cashflow]

It's going to be very cruical period for the oil market.

[Mr Cashflow]

Curent drop in oil prices is not a good sign. It could be due to anticipated recession.

https://oilprice.com/Energy/Energy-General/Saudi-Arabias-Next-Move-Could-Hit-Oil-Prices-Hard.html