US Easing on Iran? Joke of the day to clamp oil price rally! Today's news that US relaxing some sanctions on Iran is to cool down the oil price hike.... But that is just their usual tricks and not going to work this time. After the morning drop, oil might come back above $92 again today.
US games telling me that their inventories are probably even worse and oil price will go much high. It is just to clamp the Monday rally. Let us see the EIA report on Wednesday, inventories might have dropped a lot!