MarketTakes
40 posts


@FirstSquawk Is Brent continuing to go down or slight pullback
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Flat prices are showing some crazy vol, but what’s happening under the hood is like an unstoppable train.
Lifting Iran sanctions? Let’s not forget this entire mess is literally fueled by the conflict with the Islamic regime. Allowing Iranian barrels to flow freely while lifting sanctions is just straight-up goofy.
Besides that oil was already leaking into China anyway, so what’s the actual delta here? It changes zero in terms of physical balance.
I guess it just makes it a bit easier for Iran to ship to China without the usual logistics and banking bottlenecks.
#oott #iran

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@JoshYoung @MarineTraffic Are prices expected to continue rising? Seems to have all gone very quiet.
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@Rory_Johnston Exactly this, we all want oil down, but not at the cost of fabrication, we need written statements on how this is actually being resolved,
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Of course, my question really is that why people would even take profit here, a week ago, I’d understand and shit, I was on the same ship, but now, he’s pulled of his tricks out the bag, he really can’t move this market how he wishes. And whilst a lower price is better for all of our daily lives, the market doesn’t care about how much to fuel our cars, he’s finished on this. Iran found his pressure point and is pushing on it like no other.
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@RatherNotShay @FirstSquawk Profit taking.
Nothing goes up in a straight line.
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OIL ROSE AFTER UNITED STATES STRIKES ON IRAN’S KHARG ISLAND ESCALATED THE CONFLICT, WITH BRENT CRUDE TRADING NEAR $105 A BARREL AFTER SURGING MORE THAN 40% IN THE PAST TWO WEEKS. || THE INTERNATIONAL ENERGY AGENCY SAID THE WAR HAS CAUSED THE LARGEST OIL SUPPLY DISRUPTION IN HISTORY, AS SHIPPING THROUGH THE STRAIT OF HORMUZ REMAINS NEAR A STANDSTILL.
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@FirstSquawk Of course he doesn’t, trumps last wish would be Iran gone if he meant it’s his last day on earth
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