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_Discussions_, apparently. Or a global recession play. Don't know. Or Asian markets locking in as much supply as they can and getting done making certain guarantees. Persian Gulf goes lots of places b
Bluesky user? Read: http:// mastodon.murkworks.net/@moira/ 113647708264029959 She/her ex-software dev; writer of words for money, fun, and survival both here & at my blog; maker of bike maps, printables, radio noise (KK7ZLU), baked goods, & random projects. Republicans have tried to kill off me & mine my whole life; if you hate "Dems" & "libs" more than actual fash, DNI & GFY. Support me or my Mastodon instance: http:// patreon.com/solarbird https:// justmytoots.com/@moira@mastodo n.murkworks.net
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Bluesky user? Read: http:// mastodon.murkworks.net/@moira/ 113647708264029959 She/her ex-software dev; writer of words for money, fun, and survival both here & at my blog; maker of bike maps, printables, radio noise (KK7ZLU), baked goods, & random projects. Republicans have tried to kill off me & mine my whole life; if you hate "Dems" & "libs" more than actual fash, DNI & GFY. Support me or my Mastodon instance: http:// patreon.com/solarbird https:// justmytoots.com/@moira@mastodo n.murkworks.net
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@moira@mastodon.murkworks.net
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Mar 09, 2026
Marketwatch this morning report that overnight's reversal - a stunning leap in oil prices followed by a dramatic drop to merely a significant rise in oil prices - was in fact triggered by reminders of strategic oil reserves held across the G7, which led immediately to talk of _releases_ of oil by those reserves, even though none have been announced. And that stemmed the panic.
For context, check earlier in this thread, or for more context, here's a five-day chart. Actual price in oil hit just short of $120/barrel at $119.48 before people got some talking to.
#economics #economy #oil #OilPrice
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