Oil's Gettin' High! Tariffs Tumble and Prices Take Flight! Hallelujah!

Ogre Sized News!

Alright alright alright! Donkey here reporting live from... well near Shrek's swamp which is close enough to the action right? Turns out those humans in fancy suits—the ones who always look like they swallowed a lemon—are up to something BIG! I'm talking bigger than Shrek after a plate of fairy tale goose! They're messing with oil again!

Tariffs Take a Tumble About Time!

So get this: the US and China who've been bickering like me and Dragon over who gets the last waffle have decided to CHILL OUT a bit on those pesky tariffs. Apparently they were causing all sorts of trouble making oil prices do the limbo and not the fun kind! Treasury Secretary Scott Bessent (sounds like a fancy biscuit doesn't he?) said they've slashed 'em! Hallelujah! Can I get an amen?

Oil's Jumpin' Like a Frog on a Hot Plate!

Now here's where it gets juicy. Because these bigwigs stopped fighting (for now) the price of oil is doing a jig! We're talking a 4% jump! That's like me finding a lifetime supply of waffles! US crude is up Brent crude is up… It's an oil party and everyone's invited! Even you Fiona! But this is just a temporary 90 day cool off period for the two largest economies.

Shale Oil's SOS!

But hold your horses! Not everyone's doing the happy dance. Turns out those shale oil folks need the price to stay high to keep drilling. I'm talking $65 a barrel or higher! Diamondback Energy is sayin' if things don't pick up they might have to throw in the towel! As the executives said “this oil price doesn’t work”!

OPEC+ Steps into the Swamp!

And wouldn't ya know it while all this tariff drama was unfoldin' OPEC+ (sounds like a new boy band am I right?) decided to pump MORE oil into the market! Talk about a plot twist! It's like Dragon suddenly deciding she's vegetarian. WHAT?!

Donkey's Conclusion: It's Complicated!

So there you have it folks! Oil prices are up tariffs are down (for now) and shale oil producers are sweating like Shrek after a dance off with Lord Farquaad. Will the good times last? Will Shrek ever learn to appreciate my singing? Only time will tell! But one thing's for sure: life's never dull in the swamp! Or the oil market apparently. Gotta go now I smell waffles!