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[quote=Anonymous][quote=Anonymous]The straight has been closed for 8 day. That is 160 million barrels of oil deficit. The US is releasing 172 million over 4 months. 1.4 million barrels a day. All in the group of countries are releasing 400 million barrels. If they have the capacity to release the same amount as the US, it’s 3.3 million barrels a day vs 20-21 million that normally flow through the straight. Is it time to buy some oil futures? [/quote] If they are releasing over a 120 day/4 month period, does that not imply that they think this issue will not be resolved anytime soon? Otherwise there would be an unnecessary oversupply towards the end of the period. [/quote]
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