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User Info July 1st Iranian Oil Embargo, so what price crude??? in forum [Energy]
Jubber
Posts: 14124
Incept: 2007-07-05
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With just over a month before Europe has said it would respect the Iranian Oil Embargo, and obviously with Obama talking about the SPR... is Oil gonna go nuts...$125...$150...$200 or is this a nothing burger?

I have bought a few August futures just for the sake of it.

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher

Eighty6thebs
Posts: 4183
Incept: 2007-06-26
Green
It's contained to sub-prime!
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priced in

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"Sounds to me like you guys a couple of bookies" - Billy Ray Valentine

"No I am not scared, and neither should you be!" - Iraqi Information Minister
Jubber
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both Brent & WTI moving up...

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Jubber
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Israeli PM says sanctions and demands on Iran must be intensified as Iran is moving ahead with a nuclear bomb

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Swagerty1936
Posts: 283
Incept: 2010-04-01
Gold
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Earlier today, I carelessly misstated the truth by saying corn, wheat, cotton, copper and natural gas prices had reached all time lows which is not true. I meant to say the price of many commodities have declining substanially over the past year and have reached 2010 levels, even in the face of reckless and dangerous spending. I am sorry to those I insulted with my remark.
Jubber
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Italian and Spanish oil companies are taking last cargoes of Iranian crude in June, and will then halt imports from Iran according to traders

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Jubber
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Iran "will resist to the end" the western pressure on its atomic work according to the Iranian IAEA envoy

Taken a few longs down here $93 options

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher

Jubber
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Brent Oil futures back over $100...

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Jubber
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Iranian talks with IAEA fail according to Iranian IAEA envoy

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
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