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re: Oil stocks, oversupply and the Iran deal
Posted on 3/16/15 at 10:40 pm to Lou Pai
Posted on 3/16/15 at 10:40 pm to Lou Pai
I was down to one offer which is still in play, they pushed it back again but should be starting it in mid April. One of the other companies that had pulled theirs got back with me a couple weeks ago to see if I was still interested, which I am. They may have some limited spots and options and wanted to know my preferences, waiting for them to get back to me. Keeping my fingers crossed, just when I think things are going to stabilize a little bit it takes another dive.
2
Posted on 3/16/15 at 11:10 pm to GREENHEAD22
I never realized the implications of the Iran deal in regards to oil. Read an article in WSJ about it today. Looks like it will head much lower if the deal happens.
LINK
quote:
Iran, the U.S. and its allies are pushing ahead with talks over a nuclear deal that would change many things—perhaps none faster than the price of oil.
Iranian exports in recent years have been essentially capped by Western sanctions aimed at pressuring Tehran over its nuclear ambitions. A deal easing those sanctions could eventually translate into half a million barrels or more a day in Iranian crude heading into a currently glutted global market, analysts estimate.
With global crude prices already under pressure, a deal could quickly knock them lower. U.S. oil prices slumped to a six-year low Monday on fresh signs that supplies are swamping the market.
LINK
Posted on 3/17/15 at 12:56 am to GREENHEAD22
Good deal, sounds like you are in a decent position all things considered.
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