The United States sanctions against Iran’s oil exports entered into full force last week as the United States attempts to cripple Iran’s oil-dependent economy and suppress their nuclear desires. Although Washington has vowed to halt all purchases of crude from Iran, it recently supplied eight countries with waivers to continue imports without penalty for the […]
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Today, oil prices dropped to $83 a barrel after the United States said it is actively considering waivers on the oil sanctions against Iran, potentially easing the current strain on supply and allowing Iranian oil exports to keep flowing.
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Crude prices have been surging the last few weeks with the expected loss of Iranian supply beginning November 4th. With that, the U.S. has been ramping up pressure on OPEC to increase production in an attempt to lower oil prices.
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Like an aging New Waver desperately holding onto an outdated Flock of Seagulls haircut, the European Union is straining to maintain their part of the 2015 Iran Nuclear deal. After President Trump made his announcement that the United States would be pulling out of the deal, European Union member nations decided to remain in the […]
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On May 22nd WTI Crude nearly reached $73 / barrel and since then prices have dipped almost 10%.
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Thursday marked the largest drop in the oil market since May 8th based on OPEC’s most recent rhetoric. After the United States had withdrew from the Iranian Nuclear Deal everyone has seen prices go up at the pumps and the volatility in the market is as prevalent as ever. So what has finally stalled this rallying […]
Read MoreTrading is tepid today after bullish geopolitical news sparked weekly gains across the board. Technically, the market is extremely overbought, but the computers may be apprehensive to sell until any of the following issues are resolved.
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On Tuesday, President Donald Trump announced to the world that the United States will be withdrawing from the Joint Comprehensive Plan of Action, commonly referred to as the Iran Nuclear Deal. This move marks a split between the US and its European allies, notably Germany and France whose leaders have been urging President Trump fix […]
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While the implications of the United States withdrawing from the Iran nuclear deal are still unknown, the oil industry as a whole is watching ever so closely. The Trump campaign claims that sanctions are to be put back on Iran, which could limit the crude oil exports from their country. One of crude oil’s heaviest […]
Read MoreAs WTI crude climbs towards $70 a barrel, many are wondering if prices will continue their ascent.
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