Oil will go up - because of the possible sanctions on Iran...

T

traderum

Watch out!
Oil will go up - because of the possible sanctions on Iran today...
Imagine what happens when Iran in response cuts or reduces its oil delivery to China...
 
Oil prices moving higher will only keep this so called recovery years and years away, I highly doubt higher oil prices can be sustained in such a weak economy, this economy would be too weak to even have sustained oil prices above $100 let alone $150 or even $200 for that matter.
 
Quote from S2007S:

Oil prices moving higher will only keep this so called recovery years and years away, I highly doubt higher oil prices can be sustained in such a weak economy, this economy would be too weak to even have sustained oil prices above $100 let alone $150 or even $200 for that matter.
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We saw oil prices reach an all-time high of 147.11 and what did we do to prevent that from happening again? Absolutely nothing. And so, history shall repeat itself.
 
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