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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (47920)8/21/2018 1:18:53 PM
From: Goose94Read Replies (1) of 203397
 
Crude Oil: edged up start of trading on Tuesday. “Prices are being supported by the prospect of lower oil supply from Iran,” Commerzbank said in a note. Also, the sharp fall over the past few weeks may have run its course, taking some steam out of the market, which reduces some of the downside risk. Still, concerns about the health of the global economy, and the recent rout in emerging market currencies, raises the threat of lower-than-expected demand.

China using oil tankers from Iran. In order to get around U.S. sanctions, China is reportedly seeking to use oil tankers from Iran for its purchases. “Chinese buyers of Iranian oil were beginning to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all their imports,” Reuters reported. The move could keep Iran’s oil exports from falling more than they otherwise would.




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