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Gold/Mining/Energy : Big Dog's Boom Boom Room

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LoneClone
To: Dennis Roth who wrote (181247)11/13/2013 4:36:19 AM
From: Dennis Roth1 Recommendation  Read Replies (1) of 206131
 
Energy Weekly: No Iran Deal and Higher Saudi OSPs Put A Weak Bid Back Into Oil

Yet ex-Asia the market remains exceptionally weak, and Asia is
about to run into Chinese New Year trading

11 November 2013 ¦ 13 pages ir.citi.com

‘Talks with Iran over its nuclear program failed to come up with a grand
bargain’
, reports Seth Kleinman, ‘but progress is significant with monitoring
accords now in place for the first time in six years... with the oil market already
weak and robust supply growth already coming from the US, Iraq, Brazil and the
Caspian, the actual increase in Iranian flows would be an added weight in terms of
volumes and sentiment... this surprise lowering in Middle Eastern geopolitical
temperatures is threatening to impact Asian crude markets – the only region
showing anything resembling strength
– by reducing precautionary
stockpiling... plus the region will soon be trading Chinese New Year barrels’.
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