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Thursday, December 9, 2021
wti-holds-overnight-gains-after-huge-crude-draw,-record-exports

WTI Holds Overnight Gains After Huge Crude Draw, Record Exports

With oil prices surging on fears from possible "severe retaliation" after the killing of Iran's Soleimani, some wonder if this morning's inventory and production data will impact prices at all. We suspect it will. “This is more than just bloodying Iran’s nose,” Stephen Innes, chief market strategist at AxiTrader Ltd. said in a note. “This is…
iran-holds-major-air-war-games-as-additional-us-forces-arrive-in-gulf

Iran Holds Major Air War Games As Additional US Forces Arrive In Gulf

Iran is in the midst of what's been described in state media as a massive joint air defense exercise encompassing an area of area of 416,000 square kilometers across central Iran, which is roughly the size of California, designed also the simulate the expanse of the Persian Gulf and Strait of Hormuz areas.  Newsweek noted late…

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