Veren Inc T.VRN

Oil Mispriced

[retiredcf]

Crude oil should be pricing in about $12 in geopolitical supply disruption risk: energy expert

Clay Seigle, global oil service director at Rapidan Energy Group, joins BNN Bloomberg to talk about the main geopolitical risks for the oil market. Seigle says there is a 30 per cent chance Iran becomes directly involved in the Middle East war, which in turn could result in a $40 spike in crude prices. However he says right now we're seeing 'virtually zero' geopolitical risk premium built into the price of oil.

https://www.bnnbloomberg.ca/video/crude-oil-should-be-pricing-in-about-12-in-geopolitical-supply-disruption-risk-energy-expert~2852687

[downwithdotcom1]

confirmation that the PAPER traders are in charge and it has NOTHING to do with the current physical DEMAND/SUPPLY picture or even how well/bad  an individual company is doing...dwdc Traders are selling WTI crude in anticipation of higher U.S. production later this year. "Hedge funds and other institutional traders sold the equivalent of 24 million barrels of U.S. crude in the

[Moemoney42]

Lets see if those paper traders are considering these stats into their shyster moves..? "Oil output is also slowly recovering in North Dakota after a blast of Arctic weather hit the third-largest crude producing state in the U.S. Oil production on Tuesday was down by 250,000 to 300,000 barrels per day, compared to 700,000 bpd last Wednesday, according to the state pipeline authority."

[downwithdotcom1]

REAL DATA and yet the paper traders are STILL doing what??? dwdc