Article

2019-07-24 Economy

Oil slips to around $63 as Iran concerns fade for now

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by trailing wife 2019-07-24 01:27|| || Front Page|| [7 views ] Top

#1 "The response of oil prices to the seizure of a British oil tanker by armed Iranian forces near the Strait of Hormuz has been amazingly muted so far," said Carsten Fritsch, analyst at Commerzbank.

Apparently Carsten hasn't figured out yet that we're pumping so much oil that the spikes aren't going to be anywhere near as bad as they used to be. There's also all that Iranian oil the Chinese are sitting on but, for some odd reason, not using - it's starting to make an impression on the market as well.

Sorry, Carsten, but you better tell the nice people in Tehran that the old rules don't apply any more.

Mike

Posted by Mike Kozlowski 2019-07-24 04:24|| 2019-07-24 04:24|| Front Page Top

#2 Dumbass Iranians can't be depended on for anything.

Posted by Thing From Snowy Mountain 2019-07-24 09:46|| 2019-07-24 09:46|| Front Page Top

23:28 gorb
21:59 Alaska Paul
21:28 Unosh Hupinelet8756
19:10 SteveS
18:35 Bright Pebbles
18:31 magpie
18:05 DooDahMan
17:38 Vernal Hatrick
17:26 Vernal Hatrick
17:14 Phaick Uneretle6310
17:14 Vernal Hatrick
16:56 BrerRabbit
16:42 Besoeker
16:39 Phaick Uneretle6310
16:32 3dc
16:18 ruprecht
16:17 Herb McCoy
16:16 charger
16:14 Angaiting Thising6508
15:55 Vernal Hatrick
15:51 trailing wife
15:32 Whiskey Mike
15:24 ruprecht
15:23 ruprecht