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Oil prices rise following Hamas attack on Israel
(www.bbc.com)
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this post was submitted on 09 Oct 2023
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I can't believe these companies can increase prices as if nothing. Like, it's not even near their production sites, yet they try to profit from every single event. It's so scummy
They don't. The oil price is set in the futures market. The threat of a widening conflict could affect production so the futures price is increasing as a result of that possibility.
Yeah you are right, but it's all speculation. They are covering their ass. Even if production came to a halt, I'm sure these companies would be alright. I guess the world always works like this. It makes me angry
Welcome to the Wall Street Casino
Very little of the "value" in the stock market is based directly on the company's current products and services.
Angry sad noises. Yeah, I know. But I needed to rant about it anyways. There's so much wrong with the world and I can change nothing