RE:RE:RE:Blood bathI don't know about fake but it might not be a done deal yet.
“We have further meetings soon and things will be more clear on how serious is Turkey to show some flexibility,” the source said, implying that the negotiations were far from complete, and that Iraq expected more movement from Turkey before oil flows could resume. https://oilprice.com/Latest-Energy-News/World-News/Oil-Tensions-Mount-As-Iraq-Contradicts-Turkeys-Export-Claims.html
GLTY and all
kavern23 wrote: Traders/hedge funds are trading on larger news than EIA weekly inventory reports.
500k/ aday of Kurd/Iraq oil that gets sold on a pipeline to Turkey that has been shut in since March, likely a deal soon to reopen this pipeline...timed right after Saudi says their keeping production cut which was today.
A 500k reopening of pipeline should equal a 5-7 dollar drop....probably being priced in.
If this is fake news and pipeline doesnt reopen, prices rise.
Very delicate balance right now.