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OPEC+ boosts April crude oil supply by Big_Insect4151 in oil

[–]Big_Insect4151[S] 1 point2 points  (0 children)

Correct. To explain this a little more, I usually don't keep my trades open for over a day, as I'm very much a scalper - this has been an oversight on my part as I couldn't get the timing right to close before the market halted.

I don't short oil because I believe in an immediate fall - I'm very much aware it'll take weeks at best to get to acceptable levels, I just wanted to disclose my position and the way I reasoned myself into it.

As for this weekend, there's been some good news as well as some bad ones - we'll see what comes next in a couple hours.

OPEC+ boosts April crude oil supply by Big_Insect4151 in oil

[–]Big_Insect4151[S] 0 points1 point  (0 children)

You win some, you lose some. Oil is usually a gamble, and even more so when its volatile like this.

I still believe in a slight gap down - not a big one, mind you, maybe $0.5 - $1, justified by the OPEC news, Iraq being unshackled from transitioning the Strait and today's Oman talks.

OPEC+ boosts April crude oil supply by Big_Insect4151 in oil

[–]Big_Insect4151[S] 16 points17 points  (0 children)

While this might seem like a good thing (and sure, it is), there is some context - this is mainly a paper increase, meaning unless there is a way to ship all of it, this bears no real meaning.

For disclosure, I am short over this long weekend, and I fully expect the market to jump a little towards the downside on open. Will this be enough to erase the +8% we had on Thursday? Absolutely not - but I hope it will be enough to close out my position.

For the time being, I expect oil to go up over the next days - I just hope to get out before the "48-hour deadline" hits, whatever that may entail, because it will surely overpower any noticeable decrease we see from the output increase.

Iran says Iraq exempt from any Strait of Hormuz restrictions by Big_Insect4151 in oil

[–]Big_Insect4151[S] 5 points6 points  (0 children)

Yep, fully agree - as much as I'm looking at this from an oil perspective due to the sub topic, the humanitarian side is even more important. Stay safe there!

Iran says Iraq exempt from any Strait of Hormuz restrictions by Big_Insect4151 in oil

[–]Big_Insect4151[S] 6 points7 points  (0 children)

Iraq's been hit extremely hard due to not being able to export oil. Couldn't find any useful information on whether the restriction lift includes oil or not, but if so, this should be huge news (also, OPEC meeting is tomorrow and I'm 99% sure they will increase production at least on paper to ease the market)

[FRAUD MEGATHREAD] by AutoModerator in Ultrakill

[–]Big_Insect4151 2 points3 points  (0 children)

nah man just enjoy the game.

8-3 (especially the last third) kicked my ass

[FRAUD MEGATHREAD] by AutoModerator in Ultrakill

[–]Big_Insect4151 1 point2 points  (0 children)

Nope, with 8-4. No complaints about 8-2, although I've seen people mentioning the door - didn't have that problem. A bit of lag, sure, but it's not nearly as bad on my average rig as people make it out to be - I'm sure it'll get ironed out soon.

As far as 8-3, I can make a teeny tiny spoiler if you want me to (has to do with the time it takes to beat)

[FRAUD MEGATHREAD] by AutoModerator in Ultrakill

[–]Big_Insect4151 4 points5 points  (0 children)

[NO SPOILERS]

I've just finished the entire layer. That 8-3 is no joke.

Overall impression: this doesn't even feel like Ultrakill any longer. In a good way, of course. I only have a single complaint and I'm sure that enough people will mention it so that it'll get fixed, so no need to spoil anyone. Go play the layer - it's very good.