Around The Barrel – Crude Oil and Gasoline Inventories Outlook

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Overinight Iran’s General Soleimani and Iraq’s Muhandis killed in air strike

Sending Oil up around $3

Security Alert – U.S. Embassy Baghdad, Iraq, January 3, 2020

Also:

Ayatollah Ali Khamenei also dismissed US threats over the embassy violence saying Washington “can’t do anything.” Pres. Trump, “Hold my beer.”

“Soleimani is our leader” written under window by Iran-backed militiamen at U.S. Embassy Baghdad

U.S. Air Force aircraft with combat troops and special forces on board took off from bases on the East Coast Thursday night after President Donald Trump ordered a drone strike that killed a top Iranian general

Dozens of U.S. citizens working for foreign oil companies in the Iraqi oil city of Basra were preparing to leave the country on Friday, company sources told Reuters.

Khamenei: Harsh revenge awaits “criminals” who killed Soleimani

Khamenei calls for three days of mourning

Iran can call on powerful friends if conflict engulfs region

Schiff says Americans don’t want war