I'll be watching oil prices like a hawk. I hear there's a glut, and this possibility will have been priced in already a bit, but it's still going to go up.

[–] yogthos@lemmy.ml 7 points 1 day ago (1 children)

The oil glut people were talking about never actually materialized, and prices will almost certainly go through the roof with the main shipping route being closed.

[–] CanadaPlus@lemmy.sdf.org 1 points 5 hours ago* (last edited 4 hours ago)

There's a whole bunch of other articles still talking about it, so that's interesting. I might have to look deeper into it.

If the price makers behind the glut are under military siege or have their equipment blown up it's academic, though.