Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (35667)	10/17/2017 2:29:52 PM
From: Goose94	Read Replies (1) \| Respond to of 203540

Crude Oil: posted gains on Monday and Tuesday on news that the Iraqi military seized control of Kirkuk, raising fears of supply outages. Iraqi forces unexpectedly seized control of the key oil fields around the city of Kirkuk, which had been under Kurdish control for more than three years. The move sparked concerns over civil war, and comes three weeks after the Kurdish referendum favoring independence. There were early reports that an estimated 350,000 bpd of oil production was temporarily sidelined after Iraqi government forces took control of the oil fields, and there are conflicting reports on whether the outage remains. Kurdistan has said it would not impede oil exports. The problem is that the oil flows through Kurdish pipelines as a separate pipeline system under Baghdad’s control is damaged. Oil jumped on Monday on fears of outages, although those fears will probably dissipate if exports are restored. There won’t be any immediate effect on the oil market from the decertification of the Iran nuclear deal by the Trump administration, but if tensions rise in the coming months, it would likely occur at a time when the oil market is tightening anyway, leading to upward pressure on prices, according to FBR Capital Markets.