Oil will be high for a while

[Serge3]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

We are not quite sure about this. Investors and Economists will try to lower the prices for higher purchasing power, to try and increase the prices again. All we can do is to speculate it, but its better to try being optimistic about things. Same thing happened during the pandemic where gas prices rose but tben significantly dropped after a few months during 2023.

[rbynxx]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

As long as Trump and Netanyahu is in the office and they stick on their ideologies it will go on and as long as Iran continue their retaliation without a possible resolution. Nah, I doubt that this was more like a war that would to inflate economies globally. I hope it will be all bullshit to all and not just one sided because the only winners here are those who stands atop and the losers are the taxpayers that pays the government. It will probably decrease but not that the same speed as this price increase.

[dansus021]

Oh my god its already 2 weeks been past and gonna hit 3 weeks now right?

The oil price reach 120$ per barrel. Just my opinion that US and Israel is hurting their people too when the war explode I mean OIL is really important for the economy itself atleast for now when the price is spike it could lead into long long domino effect.

and I do aggree with most people here this could be the new normal In trading persepctive this could be the new support zone that as a major support. even the war stopped tomorrow I believe the effect would need time to heal

[Die_empty]

For now, instead of complaining about the war and its negative effects, let's just focus on increasing our income as there's no other way to survive with all these high priced life's commodities.

No I disagree with you, when the price of oil goes high, it has a ripple effect on the economy, this ripple effect affects productivity, it affects transportation, gives a shockwave to the economy because most times government were not prepared for it as fiscal policies might not be on ground to curtail it. So if tell people to increase their income, you are literally telling the government not to tackle the issue head on.

Everyone would have to devise different means to overcome the challenges brought by this war. Some governments are responsible that they have began to roll out policies which would help citizens suffer less from the situation at hand. Welfare packages like subsidies, increased pay, and others are already in place.

But when you live in a country with an irresponsible government which careless about the sufferings of the masses, you would have to come up with strategies to overcome this problem. In such countries, people would have to seek alternative sources of income because the government doesn't care.

[rezakurnia66]

Oh my god its already 2 weeks been past and gonna hit 3 weeks now right?

The oil price reach 120$ per barrel. Just my opinion that US and Israel is hurting their people too when the war explode I mean OIL is really important for the economy itself atleast for now when the price is spike it could lead into long long domino effect.

and I do aggree with most people here this could be the new normal In trading persepctive this could be the new support zone that as a major support. even the war stopped tomorrow I believe the effect would need time to heal

Almost three week since the high tension between Iran, Israel and United State make the oil price reach and stable around 120$ per barrel, Iran won't give up after get attacking from Israel and United State then stop permanently Strait of Hormuz, which is the only route for oil shipments from the Middle East.
I think has one solution how to make oil price back to normal if Iran giving allow operation at Strait of Hormuz opening for all countries exactly the country still depend on oil from the middle eastern. Wish the tension between Iran, Israel and United State have solution in short term to make oil price back to normal and stable.

[Akaenyi]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

It is normal that after a war things will not be in a hurry to come back to normal, it will take sometime for life to be going on as usual. Oil price is already high and we expect it to be so for a while but after the war settles down it won't be too long before oil price will return to normal.

I'm saying this because Iran is not the only oil producing country, if they don't supply other countries have enough to go around. As for the strait of Hormuz I believe that if an agreement is not reached about vessels passing through, that will only be where delay to normalcy will be experienced. Technological advancement will necessitate oil companies to find alternative means so that their businesses will be running smoothly.

[DanWalker]

No I disagree with you, when the price of oil goes high, it has a ripple effect on the economy, this ripple effect affects productivity, it affects transportation, gives a shockwave to the economy because most times government were not prepared for it as fiscal policies might not be on ground to curtail it. So if tell people to increase their income, you are literally telling the government not to tackle the issue head on.

Everyone would have to devise different means to overcome the challenges brought by this war. Some governments are responsible that they have began to roll out policies which would help citizens suffer less from the situation at hand. Welfare packages like subsidies, increased pay, and others are already in place.

But when you live in a country with an irresponsible government which careless about the sufferings of the masses, you would have to come up with strategies to overcome this problem. In such countries, people would have to seek alternative sources of income because the government doesn't care.

Even if you are fortunate enough to live in a country with a responsible government that has implemented policies to support its citizen during this difficult time. You also shouldnt be complacent because nobody know when this war will end and how long your government can continue to provide support.

Conflict in the Middle East and soaring energy prices are beyond the control of most governments. We should find solution ourselves instead of relying entirely on the government, because if the situation worsens and becomes beyond their capabilities. They will abandon us too.