Blog: Traders bet on oil at US$100 as Iran sanctions loom

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2 comment(s). Last comment by Junichiro 2018-10-04 20:10

qqq3

13,202 posts

Posted by qqq3 > 2018-10-04 16:16 | Report Abuse

"Over the last two weeks, there's been a lot more evidence that even some of the larger customers - India and China - are not going to be buying Iranian crude from November," said John Saucer, vice president of research and analysis at Mobius Risk Group.


US sanctions Iran oil.....India and China also cannot buy.....WTF......what kind of world we live in?

Russia loves high oil prices ,



Trump has engineer a high oil price environment for his master...while telling the world he Trump wants low oil prices

Junichiro

2,063 posts

Posted by Junichiro > 2018-10-04 20:10 | Report Abuse

with Iranian oil sanctions due to start in November, there has been speculation about an SPR release to keep oil prices down.

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