Iran unrest helps push crude oil to new multiyear highs

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Iran unrest helps push crude oil to new multiyear highs

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U.S. fossil oil rises to a replacement two-and-a-half-year high, +0.8% to $60.89/bbl, supported by anti-government protests in Iran; goose crude +0.7% to $67.08/bbl.
More than twenty individuals are killed in Iran since the turmoil stony-broke out last week, though crude and atmospheric phenomenon exports stay unaffected.
“With politics risk driving the market, the appetency of mercantilism earlier than a possible spike is restricted,” says Ole Hansen, head of goods strategy at Saxo Bank.
ETFs: USO, XLE, OIL, UWT, UCO, VDE, XOP, DWT, ERX, OIH, SCO, BNO, DBO, ERY, DIG, BGR, GUSH, DTO, FENY, USL, IYE, DUG, DRIP, IEO, FIF, DNO, NDP, PXE, OLO, RYE, PXJ, SZO, CRAK, FXN, OLEM, WTIU, DDG, OILK, NANR, OILX, WTID, USOI, FTXN, JHME, ERYY, ERGF
Now read: Energy Fourth Quarter Review and therefore the Outlook For Q1 2018


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