Oil tops $100 per barrel

Sunday, March 08, 2026

Oil prices on Sunday crossed into triple digits for the first time since 2022 " a stark sign of how the Iran war is throttling global supplies and raising consumers' costs.

Posted by Sycophant at 11:50 PM | 10 COMMENTS | permalink | Comment on This Entry |

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I was wrong. I thought they'd likely hit $100 a barrel but probably not much higher. They just blew past $114 a barrel.

Comments

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And now past $116

#1 | Posted by Sycophant at 2026-03-08 11:59 PM | Reply

Drill Baby Drill!

#2 | Posted by snoofy at 2026-03-09 12:06 AM | Reply

Bummer...

#3 | Posted by oneironaut at 2026-03-09 12:11 AM | Reply

Oil futures start trading at 6 pm Sun-Fri (it trades 5 days a week)

On another topic: Dow futures are down -1000, NASDAQ down -557, currently

Trump is leading us into a recession.

Normally, the fed would cut rates under that scenario, but inflation is ticking up too. All thanks to tariffs and now this war. Things are gonna get tough for a lot of Americans Trump is supposed to be helping and protecting.

#4 | Posted by AMERICANUNITY at 2026-03-09 12:19 AM | Reply

"Trump is leading us into a recession."

If Trump continues leading it will be a Greatest Depression.

#5 | Posted by snoofy at 2026-03-09 12:20 AM | Reply

"Oil futures start trading at 6 pm Sun-Fri (it trades 5 days a week)"

You can buy lots of assets after hours now.
This is supposed to be a feature.
In a sense, I suppose it is.

When I was a kid, and when many of you were maybe buying stocks for the first time, stocks went up or down at most an eighth.
We should probably go back to something like that.

#6 | Posted by snoofy at 2026-03-09 12:26 AM | Reply

Simply charging a penny per transaction would put a dent in the debt.

But that would be "bad for business."

#7 | Posted by snoofy at 2026-03-09 12:29 AM | Reply

Idiots are showing they don't understand how commodities work

If oil is selling at $100/barrel on the commodity exchange, no oil company is going to sell oil at $60/barrel in America.

Thanks capitalism.

And thanks magat scum

#8 | Posted by truthhurts at 2026-03-09 12:31 AM | Reply

#6 | Posted by snoofy

I remember too.

What didn't exist back then were computer programs buying and selling in milliseconds. It's rigged against retail investors (individuals).

#9 | Posted by AMERICANUNITY at 2026-03-09 12:35 AM | Reply

Short sellers are rejoicing right now.

#10 | Posted by AMERICANUNITY at 2026-03-09 12:50 AM | Reply