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Author Topic: Post Oil Spike (9 Mar 2026) Market Impact  (Read 125 times)

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Offline catfish1957

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Post Oil Spike (9 Mar 2026) Market Impact
« on: Today at 09:48:40 am »
At the Opening Bell...

Oil- WTI $99.51/bbl
VIX- 31.18
Gold- $5106/oz

DJIA Down 634
NASDAQ- Down 260
FTSE (England) Down 1%
CAC (France) Down 2%
DAX (Germany) Down 1%

Far East had a bit deeper losses

Far better than I expected.  When it shot up to $116/bbl last night, I expected some panic selling of equities.

Seems to pendulum of speculation went to far.  One factor still out there, that I don't think the oil markets have filtered out yet, is cost of repair, and impact of extended down time in middle east facilities.  Remains to be seen if other areas can ramp up enough to cover the shortfalls.
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Re: Post Oil Spike (9 Mar 2026) Market Impact
« Reply #1 on: Today at 03:09:30 pm »
Moving into the last hour of trading, the DJIA is down 350, while S&P and Nasdaq are flat.  International markets are being hit harder than US markets today.
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Offline catfish1957

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Re: Post Oil Spike (9 Mar 2026) Market Impact
« Reply #2 on: Today at 03:13:08 pm »
Quote from: Cyber Liberty on Today at 03:09:30 pm
Moving into the last hour of trading, the DJIA is down 350, while S&P and Nasdaq are flat.  International markets are being hit harder than US markets today.

Our economy is showing some resilience.  I expected at least a 1000 pt. loss today.

Maybe the media is overplaying the damage to infrastructure in the ME.
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Re: Post Oil Spike (9 Mar 2026) Market Impact
« Reply #3 on: Today at 03:22:36 pm »
Quote from: catfish1957 on Today at 03:13:08 pm
Our economy is showing some resilience.  I expected at least a 1000 pt. loss today.

Maybe the media is overplaying the damage to infrastructure in the ME.

Now the DJIA is down less than 100 points.
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Re: Post Oil Spike (9 Mar 2026) Market Impact
« Reply #4 on: Today at 03:29:45 pm »
DJIA is now up over 100, Nazzy us up over 200.  What a weird day!
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Online Smokin Joe

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Re: Post Oil Spike (9 Mar 2026) Market Impact
« Reply #5 on: Today at 03:34:41 pm »
I noticed that strikes seem to bee primarily on storage facilities. These are easier and cheaper to rebuild than the actual refining aspects of the refinery, but will bring production to a standstill and eliminate existing stocks.

It is the least (long term) painful way to deny the IRDG fuel, and still leave an infrastructure that can be recovered in the future when the theocracy falls.

Attacks haven't been on production facilities, nor individual wells, as far as is being told. The delivery portion of the industry is what is being targeted. While all oil industry targets are soft targets, it appears production and the actual refining equipment is being left off the target list. (Unlike Iraq, blowing wellheads all over Kuwait in anticipation it would take far longer to put those wells back into production.)
« Last Edit: Today at 03:37:42 pm by Smokin Joe »
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Online bigheadfred

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Re: Post Oil Spike (9 Mar 2026) Market Impact
« Reply #6 on: Today at 03:57:50 pm »
The Kobeissi Letter
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20m
BREAKING: Oil prices collapse below $84/barrel, now down over -30% since last night’s highs.
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Re: Post Oil Spike (9 Mar 2026) Market Impact
« Reply #7 on: Today at 04:37:07 pm »
Quote from: bigheadfred on Today at 03:57:50 pm
The Kobeissi Letter
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20m
BREAKING: Oil prices collapse below $84/barrel, now down over -30% since last night’s highs.

That's just terrible news. 
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