Russia ends in $5... $3... $2... $0.25

Get your bololaikas ready!

Kabump!

Give me the basic gestalt.

...

fill me in jimbo

Well, that fucking sucks.

...

No good goy tokens for oil means sad Russian

$50 on Brent is very strong support level.
Penetrating might go as low as $28-29 (but probably will go to $41-$43)

Is it happening?

The Great Oil Crash of our times?

I bet the jews are behind this, they want to stop us from oil independence.

Too many players in this Oil market. Of course the price is going to drop.

We're reaching May price levels here! Buy gold now!

Why is it dropping now?

Didn't end when the price was 30$. And it's unlikely that it will fall to this level again.

I will buy more but i think we should wait little for better prices.

as if t_d influx wasn't enough, sosach has opened permanent embassy on Sup Forums

Post OBEZOOMEEVSHEE ROOBLE memes.

>If oil is fucked Mexico is double fucked

I wan to get out this ride now!

No idea 2bh, probably Genscape released their report for April crude stock.

/thread
/biz/

>soviet russia

dude, that ended over a quarter century ago. get over it.

It's sad that Russia is a kleptocracy that can't into 1st world economy. Didn't the USSR have economic troubles because it depended too much on oil revenue? Why hasn't Russia diversified in all these years?

You realise that Russia can just nuke the middle east oil fields which will increase the demand right? Russia always wins.

Why its sad?
Kleptocracies generally cant into economy.

>Russia diversified
Much worse even than USSR

its nothing

>getting triggered by memes

Russia is much more Soviet than you think.
Its just like letting NSDAP members to keep their positions in the gubment.

Pretty much looks like a bearish reversal.

the trend is still positive

Damn, good timing for me to get into the oil industry. Gonna fuck OPEC hard.

Right now it's falling mainly because an OPEC deal failed. Iran and Iraq are fucking the Saudis in the ass a little.

In the long term, it has been falling first because of lack of disruption in the production - no huge wars, or at least, no war that disrupted production -, then because of shale, then because the Saudis tried to saturate the market to fuck shale producers, and after a rise in prices once the Saudis got tired, it is now falling again because shale producers survived and OPEC is dying.

Until you shut off the oil, fire up the thorium reactor and then occupied buy the Russians at the EU's request.

Its an uptrend of 2016 about to reverse.

At some point (around $40-45 on WTI) arabs will start to cheat on each other HAAARD.

...

No matter how much you wish for it all to burn to cinders it will still go they way it went when price dropped previously.
Some extra ramble in Syria after which oil countries will try to make another deal with each other.

>way it went when price dropped previously
Дeвaльвaции нe бyдeт
Этo вcё мнoгoхoдoвкa

Apple is about to launch a new iPhone that runs on electricity.