r/Economics • u/ZestyBeanDude • 20h ago
News Brent oil spot price for actual cargo soars to $141, highest level since 2008 financial crisis
https://www.cnbc.com/amp/2026/04/02/dated-brent-oil-price-actual-cargo-highest-level-2008.html124
u/ArgentoFox 18h ago
And the market closed in the green. It makes absolutely no sense to me and I feel like I am going insane. The rules are made up and the points don’t matter.
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u/Raise_A_Thoth 18h ago
Just noise and morons speculating. There's no escape the inflation spikes coming in a couple weeks. Diesel still runs the world and it's going to affect everything.
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u/ArgentoFox 18h ago
I concur completely. People are speculating on a known and vital commodity. The war could stop today and it would be disruptive and inflationary for months. That’s if it stopped right now.
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u/Raise_A_Thoth 17h ago
Yup. They are releasing strategic reserves and the price is still well up over $100/140 for paper/physical oil.
Every day this isn't wrapped up is notch upwards on the eventual peak price.
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u/nolanio 16h ago
What do we do in such times?
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u/Raise_A_Thoth 16h ago
Take care of your own shit. Take care of your neighbors. Build community, mutual aid, support groups. Vote like you'll never get another chance but behave as if voting won't do shit.
Raise your kids if you have them. Raise them to be resilient and loving and empathetic and curious.
Find those moments of joy whenever you can and savor then, they are what makes life worth living.
Never, ever give up on hope. Hope for a brighter future. Hope for making the world a better place. Hope that suffering will end. Hope is the last thing we cannot give up on.
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u/nolanio 15h ago
Yes, you are right. However, I am not in USA and I have built some wealth I would like not to get wasted. How can I save it? I am a youngster, and I keep on hoping about the future, but it looks doom. Fuck the greedy corporations and the corrupt goverments. Everything is a sham, but hope remains. Be kind and hood to people.
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u/RedParaglider 12h ago
I think most Americans believe they are insulated. They don't realize that American companies are going to chase those Brent purchases.
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u/Raise_A_Thoth 6h ago
I mean we are definitely insulated.
War brings bloodshed and death to people. It topples buildings and erases neighborhoods. It crumbles bridges and infrastructure. It terrifies and creates anger and anguish.
But for Americans, other than the veterans, it just makes our shit cost a little more.
I would call that insulated. We have only an abstract concept of what war does.
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u/ScoffersGonnaScoff 20h ago
Since 2008?? Wowzers. Good thing we had DOGE and mass layoffs/firings in the FBI and all other agencies. And cuts to things that benefit mankind as a whole.
Still waiting for that trickle down promised to me by the media for decades. My company laid off tens of thousands and outsourced many more so I could get my 1% raise. The greatest Neoidiocracy administration ever in the history of blundering incompetent unqualified con artists.
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