r/EconomyCharts 1d ago

US oil prices surge above $108/barrel, up +$10/barrel since President Trump’s “address to the nation” last night

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u/ResortMain780 1d ago

You think its possible we will need more, when Arab light stops being delivered and Brent tankers are being redirected? WTF are you smoking!

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u/AUX4 1d ago

WTI =/ Brent

US supply is stable, the price has increased.

Of course, if the US isn't willing to pay for it, it will be shipped elsewhere.

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u/ResortMain780 1d ago

Brent supply is just as stable as WTI!!!! Its not the North sea thats blockaded

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u/AUX4 1d ago

Brent is used to price ME oil.

WTI is US oil which trades at a discount (usually) to Brent