u/Maxh_SCGA ·
Reddit — r/wallstreetbets
· July 06, 2026 at 01:54
· ⬆ 43 pts
· 💬 91 comments
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I have XOM Calls at $170 and I have to keel rolling them.
How are Oil prices so low? Hormuz is closed agian, the tankers which are leaving the gulf are not returning to the gulf. Further more Ukraine has spent the last 2 months blowing up Russian oil infrastructure, 50% of Russian refineries are off line, and export terminals in St Petersburg area were hit. The damage Ukraine is doing to Russia is probably worse than the Hormuz situation.
Yet Oil is $70 per barrel and My XOM $170 calls wont print? I have to keep rolling them, and the roll is even cheap AF... what the is going on?
The Situation in Russia should be bigger oil news than Hormuz