So a make-believe ceasefire causes oil to drop $15 from the top in the space of a little over 2 days, but Iran straight up firing f*cking rockets sends it back up a mere $3. All while supplies are at all time lows. Un-be-lievable. #oott
@ZmansEnrgyBrain Funny how the weekend response to all the strikes and bombings was very muted, but a "no strikes today" headline prompts a 5$ drop by the looks of it.
Baffling how one headline of "US-Iran talks might continue" carries more weight than 9 consecutive days of bombing. The market has completely lost its marbles. #oott
@ZmansEnrgyBrain Surely we are approaching operational minimums across the board very soon? Pair that with renewed tensions and the cocktail is there... just waiting for it to explode at this point.
@ZmansEnrgyBrain Meanwhile oil dropping because Iran just called because they want to make a deal soooo badly. The act of artificially suppressing price continues...