Around The Barrel – Crude Oil and Gasoline Outlook

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  • #21219
    TradersCom
    Keymaster

    With Hurricane Barry in focus the EIA reported…

    [article]1598[/article]

    #21245
    Helmholtz Watson
    Participant

    Pompeo says: Iran has said it is prepared to negotiate about missile program

    US isn’t seeking regime change in Iran, wants to work with current gov’t
    US wants Iran out of Yemen
    Trump earlier said a lot of progress has been made around Iran.

    #21267
    ThePitBoss
    Participant

    [color=red][i][b]On OPEX WTI settled near the lows at $56.78
    Down -$0.84 or -1.46%
    [/b][/i][/color]

    The high price was $58.36. The low was $56.61.

    It is now under the 200 and 100 day moving averages $58.11 and $59.22 respectively

    #21278
    ThePitBoss
    Participant

    Another hit for crude ….

    WTI crude oil futures settle $55.30

    Down $1.48 or 2.61%
    High $57.32
    Low $54.72

    #21298
    ThePitBoss
    Participant

    [b]Overnight Iran denies it was their drone shutdown – hints US drone ..

    US response … US Official: A Day After Iran Drone Downed: If They Continue To Do This, “If They Fly Too Close To Our Ships, They’ll Continue To Be Shot Down” via @LiveSquawk[/b]

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