Fear & Uncertainty: Oil bolstered As Investors Factor In Supply Risks

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.

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More BS, another day another excuse to raise prices...projection of total chaos

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Generally, crude oil rose 8.6% last week, closing at its highest level in over 3 years.To be continued...

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Well, something had to give momentum to the oil prices...every day a new tense. Only the sky is the limit.

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It went up for geopolitical tensions other than fundamental reasons.

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Crude rose almost 1% today to its highest level in 4 years. What Middle East instability brings the oil companies....

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Gas prices jumping faster than crude prices rose. Oil companies already making major profits at our expense!

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Two years ago: $42.3

One year ago: $55.9

One month ago: $64.9

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Not to worry. The Fed tells us there's no inflation.

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But what about Russia and Iran, they also get stronger by oil/gas money?

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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.

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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. 

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