WTI
market is pricing in Iran
not enough
Trump to decide on Iran tonight
4 days ahead of deadlineMay 8, 2018 4:44 a.m. ET
TEHRAN—A handful of multinationals are closely monitoring their Iranian interests—and some are plotting ways to preserve them—as the Trump administration weighs reinstating economic sanctions.
President Donald Trump said he would decide Tuesday whether to follow through on his threats to pull out of a multilateral deal that removed most economic sanctions on Iran in exchange for Tehran limiting its nuclear ambitions.
Israeli's proxy decided to follow Bibi's wishes... Economic sanctions to restart in 90 to 180 days including oil trade.
Brent goes .50 higher at 76.60.
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the market isn't considering israel iran war yet
it will have to price that in pretty soon
that's gonna be a $10 premium
Brent fast approaching 78... just 15 cents off. Will we see USD 80 by June?
other OPEC countries can step in to make up for the amount of Iranian crude that gets taken off market
so what is the market pricing in?
war
More sabre rattling to stir up the market...
Iranian forces 'fire rockets' at Israeli positions in Golan Heights - BBC News
Boom! 77 t0 78
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Last edited by Monseratto; May 10th, 2018 at 10:31 AM.
Price for crude oil from the Permian basin (Texas) is determined using WTI Midland price assessment
so why is WTI Midland pricing so cheap compared to WTI Cushing?
Coz so much oil is being produced from the Permian basin that current pipeline capacity isn't enough to get the oil out fast enough
yes several hours ago
now back below 79
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the country that benefits most from falling oil prices gets hurt most from rising oil prices