Oil Erases All Saudi-Attack Gains After Iran Sanctions Report

Oil Erases All Saudi-Attack Gains After Iran Sanctions Report

Already helped by reports of a partial Saudi cease-fire with Yemen, oil prices have legged lower – erasing all the price gains since the Saudi-attack – on the back on a Reuters report saying that US offered to remove all Iranian sanctions in exchange for talks.

 

That’s not going to help the value of the Aramco IPO.

 


Tyler Durden

Fri, 09/27/2019 – 08:49