General Discussion

Norbert

(7,803 posts) Mon Apr 13, 2026, 07:19 AM Yesterday

Oil Prices

This morning as of 7:15 Edt:

Crude $103.88 +7.47%
Brent $102.02 +7.13%

I can't remember the last time Brent was less than Crude.

Anyway, it looks like a bad beginning of the week for the markets, maybe.

8 replies

= new reply since forum marked as read

Highlight:

Oil Prices (Original Post) Norbert Yesterday OP

Only bad if you didn't have advanced knowledge WSHazel Yesterday #1

Dow futures -202.00. boonecreek Yesterday #2

Crude oil should be $150/barrel or higher gab13by13 Yesterday #3

Last week Brent was less than WTI gab13by13 Yesterday #4

Brent is a higher grade of oil. multigraincracker Yesterday #8

Dow futures now -475 @7:50 EDT Roy Rolling Yesterday #5

Where is all that Venezuelan oil Delarage Yesterday #6

WTI ("crude") is quoted for May futures, Brent for June GreatGazoo Yesterday #7

WSHazel

(781 posts)

1. Only bad if you didn't have advanced knowledge

Reply to Norbert (Original post)

Mon Apr 13, 2026, 07:28 AM

Yesterday

Trump World knew, and certainly traded on it.

It is possible that the Iranian and Trump regimes are working together to manipulate markets.

Expect a revised tweet in the next few days narrowing the blockade.

boonecreek

(1,529 posts)

2. Dow futures -202.00.

Reply to Norbert (Original post)

Mon Apr 13, 2026, 07:32 AM

Yesterday

S&P -34.00 and NASDAQ -129.25.

https://www.cnn.com/markets/premarkets

gab13by13

(32,466 posts)

3. Crude oil should be $150/barrel or higher

Reply to Norbert (Original post)

Mon Apr 13, 2026, 07:49 AM

Yesterday

gab13by13

(32,466 posts)

4. Last week Brent was less than WTI

Reply to Norbert (Original post)

Mon Apr 13, 2026, 07:50 AM

Yesterday

multigraincracker

(37,763 posts)

8. Brent is a higher grade of oil.

Reply to gab13by13 (Reply #4)

Mon Apr 13, 2026, 08:38 AM

Yesterday

Easier to refine.

Roy Rolling

(7,650 posts)

5. Dow futures now -475 @7:50 EDT

Reply to Norbert (Original post)

Mon Apr 13, 2026, 07:54 AM

Yesterday

Weak opening so far. I don’t think any money manager not part of the kleptocracy believes Trump. They know ETTD, just like it was certain sending Vance to Hungary would curse Orban.

The markets will soon adjust to reflect that uncertainty.

Delarage

(2,607 posts)

6. Where is all that Venezuelan oil

Reply to Norbert (Original post)

Mon Apr 13, 2026, 08:03 AM

Yesterday

To save the day?

At least his oil buddies are recouping their investment.

GreatGazoo

(4,647 posts)

7. WTI ("crude") is quoted for May futures, Brent for June

Reply to Norbert (Original post)

Mon Apr 13, 2026, 08:07 AM

Yesterday

so it looks like pricing expects more mitigation as time goes on. Ha!

Brent for May delivery is $112 vs WTI at $104

Market remains overpriced. Waiting for another big dip in gold as this week's disaster plays out.

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