2Wk·

Oil price shoots up by 17 %.

Since 23:00 UTC +1, oil has been trading / $WTI has been trading again - and with an impressive jump: the price of crude oil (WTI) traded at over USD 110 per barrel in the first 15 minutes, which corresponds to an increase of around 17% +. Now we are back at 105$/BLL or 15% +

This jump in the price is due in particular to US-Israeli attacks on Iran and the resulting threat to oil supplies through the Strait of Hormuz. This strait is crucial as around 20% of the world's oil is transported through it. A blockade or disruption could massively restrict global supplies and drive prices even higher.

38 Comments

Basti92@BavarianLion

2Wk

And the stock market crash is getting a little closer again 🤯

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CashflowKultur@CashflowKultur

2Wk

@BavarianLion I'm looking forward to the aviation/shipping sector tomorrow. I think the rotation from tech & growth into more defensive stocks will continue.

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Basti92@BavarianLion

2Wk

@CashflowKultur Dow Jones currently down over 1000 points, the Nasdaq 100 is almost 400 points in the red 📉🤯

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Sansebastian@Sansebastian

2Wk

@BavarianLion yes, definitely -70%

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CashflowKultur@CashflowKultur

2Wk

@BavarianLion That's right, it was time change in the USA, don't forget tomorrow 14:30 opening. All checked out.

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Basti92@BavarianLion

2Wk

@Sansebastian It's nice when, like you, you know everything better and don't concern yourself with possible scenarios! Have you forgotten who's in the White House? You can't compare this with the past because Trump is acting irrationally! There are also decisive factors: AI bubble, Iran war, weak economy in the USA! If all that bursts at once, I'd like to see what happens! 😅

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Sansebastian@Sansebastian

2Wk

@BavarianLion I don't know everything better! But how the hell did you get to -70%? There we are in the S&P500 at 2000 points. That's so far removed from reality...

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Chris@Multibagger

2Wk

@Sansebastian 70% is probably exaggerated. But 30-40% is realistic, at least for the NASDAQ and also for the DAX and Eurostox.

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CashflowKultur@CashflowKultur

2Wk

@BavarianLion Sooner or later, a crisis will come. We will see how this is reflected on the stock market. Personally, I think quite differently anyway. Infinite debt, infinite growth with finite resources. Can't go well.

Jobs will be lost due to AI, what do you do with a wave of unemployment IF, for example, a million jobs are replaceable in a few years. I like to think of cashiers, with surveillance technology that becomes superfluous because you can't even steal anymore. Set up self-checkout, work "for free".

I'll post something bigger...

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Basti92@BavarianLion

2Wk

@Sansebastian Did you take the 70% at face value? Ok, maybe I should have used some kind of smiley to emphasize the drama! The 70% was a bit of rhetorical exaggeration... 😉 I just wanted to illustrate the "explosive force" that is currently present on the stock market! Nobody can really say how extreme it will be in the end anyway, but should this spark ignite, then I can well imagine the scale of 2008 or Dotcom! And again: COULD!!! Of course I hope it doesn't turn out that way!

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CashflowKultur@CashflowKultur

2Wk

@Sansebastian Nobody mentioned 70% except you? So I don't see it.

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Saarastronaut@Watzeklicker

2Wk

My best wishes to Ms. Reiche, I think we should rely even more on oil and gas. Plus a VAT increase. All we need is a reduction in bureaucracy, tax cuts for the rich and a little more harassment of the recipients of citizens' benefits, then the business will run again. Just black economic competence.

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ZimaBlue@ZimaBlue

2Wk

@Watzeklicker Exactly the same...and still nothing will change. To milk a mouse🙃

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