Oil Price Rally Keeps Going Recently
Repeated and ongoing protests in various cities around Iran has raised questions about a possible disruption of supply, which, to be sure, remains highly unlikely. But the needling from the U.S. President’s Twitter account added fuel to that fire, helping to keep the price rally going.
The war of words probably makes it even more likely that Trump will take a rather dramatic move in less than two weeks when he faces the latest deadline over deciding on Iranian sanctions. Trump decertified the nuclear deal in October, but it was only a partial move given that he declined to re-impose sanctions. We are now nearly three months on from that decision, and most analysts expect Trump, egged on by the unrest in Iran, to take that fateful step of bringing back sanctions.
Read more: https://oilprice.com/Energy/Oil-Prices/What-Is-Keeping-Oil-From-Breaking-70.html
BP Pelopor HMTM “PATRA” ITB 2017/2018