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CodeWriter23 a day ago

> "The wind-powered boats could be especially appealing when oil prices have shot up because of the Iran war."

Check of oil prices same day article was published:

WTI $73.51/bbl BRENT $77.57/bbl MURBAN: $70.46/bbl

citrin_ru a day ago | parent [-]

What we see in quotes is not the price of oil being shipped right now; it is usually a one-month futures contract. Traders expect that by this time, Hormuz will reopen. If it does not, they will lose money, but the actual price could be much higher.

CodeWriter23 a day ago | parent [-]

Close to the bottom price over the past 5 years is what it is.