US/Israel Launches Op Epic Fury Against Iran (2 Viewers)
- Thread starter Desertkiwi
- Start date
mikemiller1955
Lieutenant General
- Joined
- Aug 3, 2008
- Messages
- 18,098
I'm going to be optimistic today...oil is supposed to be significantly down....the Dow futures are up over 400 points...Trump says there is great progress and he is pleased with the talks with Iran...
Oil prices plunged significantly on Wednesday, May 6, 2026, with US WTI dropping over 9% to around \(\$92–\$93\) per barrel and Brent crude falling below \(\$101\). This sharp decline, which also saw wholesale gasoline and heating oil prices fall, was triggered by reports of a potential deal between the U.S. and Iran to end their conflict, lowering supply disruption fears
Oil prices plunged significantly on Wednesday, May 6, 2026, with US WTI dropping over 9% to around \(\$92–\$93\) per barrel and Brent crude falling below \(\$101\). This sharp decline, which also saw wholesale gasoline and heating oil prices fall, was triggered by reports of a potential deal between the U.S. and Iran to end their conflict, lowering supply disruption fears
jazzeum
Four Star General
- Joined
- Apr 23, 2005
- Messages
- 39,138
We’ve seen this movie several times already. It just shows that traders, who are short term thinkers, will grab at any straw of information. If he’s telling the truth (he and the truth are not exactly friends), great, and if not well then we are back where we started.
At any rate, today will be a good day to dump some stock.