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01.05.2019 20:00:00

The Next Leg Higher For Oil Prices

This week in oil is all about last week. Which is to say, the main force pushing markets is still the digestion of Trump’s surprise move to end Iran’s waiver program with a goal of pushing Iranian exports to 0 bpd come May 2nd. So far, Trump seems to be getting what he wants in the deal in the form of strict sanctions on Iran and moderate oil prices. After an initial price spike north of $75 towards the end of last week, the President was able to push the market lower with a string of tweets highlighting the cooperative efforts between…
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