this post was submitted on 24 Mar 2026

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43

Oil Prices Spike as Iran Denies U.S. Talks and Traders Refocus on Supply Risk (oilprice.com)

submitted 4 days ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[–] yogthos@lemmy.ml 19 points 4 days ago (1 children)

It's frankly incredible how this has been going on for three weeks now, and traders are dumb enough to keep falling for it.

[–] Pyr_Pressure@lemmy.ca 7 points 4 days ago

Most trading these days is probably just AI and algorithms. They see a positive headline and starts making buys or selling stuff if it's negative. It's all a money printing machine for the rich and a casino for the poor.