US Sec State Pompeo "Sentinel Program" should ease tension in Oil Markets. Now waiting for news on China Trade negotiations

[Falcon + 222]

Sentinel program includes 20 + countries with financial contribution and active participation to monitor the shipping lanes in the Persian Gulf.

Takes the onus off of the US.  Thwarts Iran's attempt to make this about Trump / U.S. warmongering.

Should ease tension in Mideast and halt any additional "fear factor" affecting benchmark prices. 

Now it's about China Trade.  I think they agree to continue negotiations. But not much more at this time. Some think that is already baked into market and oil prices.  But you never know what may surprise you.

On basic fundamentals of supply and demand along with cost of production reductions oil prices are fairly valued.  But geopolitical news or oversupply competitive pricing could move price measurably. 

I have some positions betting on the continued closing of the WTI / Brent price gap and some on the longer term reduction in VIX.

But not fully invested. Too many unknowns or surprises in the offering.

Edited June 25, 2019 by Falcon

[Tom Kirkman + 8,860]

Link please

[Falcon + 222]

9 minutes ago, Tom Kirkman said:

Link please

Tom didn't save article. But if you Google "Reuters oil news" you should find it.

[Falcon + 222]

31 minutes ago, Tom Kirkman said:

Link please

UK.Reuters

"US' Pompeo discuses Iran with Gulf allies amid escalating crisis

Edited June 25, 2019 by Falcon