Oil Prices Plunge to 75

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=9FShwN_QLAc

Oil prices have dropped to $75/barrel today with Brent touching $79/barrel. This is despite two hot wars, tensions in the South China Sea, and Saudi Arabia reiterating its commitment to 9 mbd and its continued 1 mbd cut. • Thin trading volumes, a weaker China than many have wanted to believe, and a lack of geopolitical understanding by oil traders are likely all factors. Concerns over a global recession, from the Europe to the U.S., are also weighing on commodity prices. • US household debt continues to rise across the board, from housing and mortgage debt to credit card and auto loans. $17.29 trillion total U.S. household debt, much of which was added since 2020. Recent debt growth is seen in mortgages, credit cards, auto loans, and student loans. ahttps://lnkd.in/gzcsZTEj • Make sure to listen to the latest PetroNerds podcast with Paul H. Tice before this week’s episode, episode 97, presentation and talk to the Denver Association of Professional Landmen (DAPL), drops this Friday. • Tad True is forthcoming! • PetroNerds was in Pittsburgh and DC last week and will be speaking on a panel we put together at the Denver Earth Resources Library tomorrow November 9th with Andrew Haney CEO of Nickel Road Operating LLC, Daniel Seaver VP of Midstream Fundare Resources, and Chris Atherton CEO EnergyNet. • iTunes: https://podcasts.apple.com/us/podcast... • YouTube: • PetroNerds EP 96 | ESG Reality with P...

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