you are viewing a single comment's thread.
Not only that, it priced in a TX/LA strike.Now it looks like predicted landfall has shifted further south along the Texas coast at Corpus Christi, check weatherunderground dot com. Another shift like this tomorrow and it misses gulf oil infrastructure altogether.
Forecasted path now further south... look for oil to drop like a rock.
And OPEC appears to be holding steady! They want control again and appear as the good guys that bailed out the World from energy misery. Cheap oil makes alternatives (competition) fade away and Middle East incomes perpetuate.