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­MNI Commodity Weekly - Iran Threats Fail to Hold Oil Higher

Executive Summary:

  • Iran Threats Fail to Hold Oil Higher: Oil markets assess Trumps ability to hamper Iranian oil trade as the initial price spike fails to hold.
  • Oil Markets: Crude prices have extended the trend lower from a high of $82.63/bbl on Jan. 15 amid rising global growth concerns from an increase in protectionism and despite tighter supply risks from US sanctions. US gasoline cracks continue to trend upwards to the highest since November while diesel cracks have steadied after a rally in late January.
  • Analyst Views: See oil market outlooks by biggest names in industry.

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Executive Summary:

  • Iran Threats Fail to Hold Oil Higher: Oil markets assess Trumps ability to hamper Iranian oil trade as the initial price spike fails to hold.
  • Oil Markets: Crude prices have extended the trend lower from a high of $82.63/bbl on Jan. 15 amid rising global growth concerns from an increase in protectionism and despite tighter supply risks from US sanctions. US gasoline cracks continue to trend upwards to the highest since November while diesel cracks have steadied after a rally in late January.
  • Analyst Views: See oil market outlooks by biggest names in industry.

Full piece here:

Keep reading...Show less