Pavel + 384 PP April 17, 2018 Oil rose boosted by investors’ growing concern over the potential for disruptions to crude supply, especially in the Middle East.Brent crude oil futures LCOc1 were up 10 cents at $71.52 a barrel by 0907 GMT, while U.S. crude futures CLc1 gained 9 cents to $66.31 a barrel. Traders said oil markets were receiving general support due to the risk of supply interruptions, including a potentially spreading conflict in the Middle East, renewed U.S. sanctions against Iran and falling output in crisis-hit Venezuela....Times of uncertainty and danger. Quote Share this post Link to post Share on other sites
damirUSBiH + 327 DD April 17, 2018 More BS, another day another excuse to raise prices...projection of total chaos Quote Share this post Link to post Share on other sites
franco + 96 FM April 17, 2018 Generally, crude oil rose 8.6% last week, closing at its highest level in over 3 years.To be continued... Quote Share this post Link to post Share on other sites
Petar + 76 PP April 17, 2018 Well, something had to give momentum to the oil prices...every day a new tense. Only the sky is the limit. Quote Share this post Link to post Share on other sites
Pavel + 384 PP April 17, 2018 It went up for geopolitical tensions other than fundamental reasons. Quote Share this post Link to post Share on other sites
jpZelabal + 63 jj April 17, 2018 Crude rose almost 1% today to its highest level in 4 years. What Middle East instability brings the oil companies.... Quote Share this post Link to post Share on other sites
ThunderBlade + 231 TB April 17, 2018 Gas prices jumping faster than crude prices rose. Oil companies already making major profits at our expense! Quote Share this post Link to post Share on other sites
pinto + 293 PZ April 17, 2018 Two years ago: $42.3 One year ago: $55.9 One month ago: $64.9 Quote Share this post Link to post Share on other sites
franco + 96 FM April 17, 2018 Not to worry. The Fed tells us there's no inflation. Quote Share this post Link to post Share on other sites
damirUSBiH + 327 DD April 17, 2018 But what about Russia and Iran, they also get stronger by oil/gas money? Quote Share this post Link to post Share on other sites
Manfred Kruger + 40 MK April 17, 2018 Syria is just noise to the oil market and has no lasting direct effect on the supply demand situation that ultimately sets oil prices. The Yemen conflict, which is really a proxy war between the Saudis and Iran, is way closer to the large oil fields and way more significant from a geopolitical standpoint. Oil prices are rising because global inventories are drawing down. Until that changes oils prices should be well supported fundamentally. Quote Share this post Link to post Share on other sites
TraderTate + 186 TS April 17, 2018 yes, but at some point these two conflicts could become one. Yemen is a clear proxy war between Saudi Arabia and Iran, but Syria is as well on some level, just more complicated to 'proxify' for the Saudis, but equally as important. Quote Share this post Link to post Share on other sites
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