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

[Pavel + 382]

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.

[damirUSBiH + 327]

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

[franco + 96]

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

[Petar + 76]

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

[Pavel + 382]

It went up for geopolitical tensions other than fundamental reasons.

[jpZelabal + 63]

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

[ThunderBlade + 231]

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

[pinto + 292]

Two years ago: $42.3

One year ago: $55.9

One month ago: $64.9

[franco + 96]

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

[damirUSBiH + 327]

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

[Manfred Kruger + 40]

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.

[TraderTate + 182]

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.