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Page added on April 10, 2018
Oil rallies as concerns grow over geopolitics
Oil prices rose on Monday, supported by a rebound in the stock market as concerns of a trade war between the United States and China eased.
Brent crude LCOc1 futures rose $1.25 to $68.36 a barrel, a 1.9 percent gain, by 12:29 p.m. EDT (1629 GMT).
U.S. West Texas Intermediate (WTI) crude CLc1 futures rose $1.21 to $63.27 a barrel, a 2.0 percent gain.
Prices were on track for their largest daily percentage gain since March 23.
“Once again we find the oil market being swept up in broader market sentiment,” said Matt Smith, director of commodity research at ClipperData. “After Friday’s flight from risk, the positive mood in equities to start the week is encouraging a rebound in oil, with a weakening dollar providing a further shot in the arm.”
The U.S. stock market broadly rose more than 1 percent. Crude futures have recently tracked with equities.
Oil prices fell about 2 percent on Friday after U.S. President Donald Trump threatened new tariffs on China over Twitter, reigniting fears of a trade war between the world’s two largest economies.
Market participants also focused on an air strike on a Syrian air base over the weekend. Syria and its main ally Russia blamed Israel for carrying out an attack on a Syrian air base near Homs on Monday which followed reports of a poison gas attack by President Bashar al-Assad’s forces on a rebel-held town.
The Pentagon formally denied a Syrian state television report that the U.S. military had fired missiles at a Syrian government air base.
Prices have been supported so far this year by healthy demand and supply restraint led by the Organization of the Petroleum Exporting Countries, which started in 2017 to rein in oversupply and prop up prices.
“From a pure short-term fundamental perspective, odds still tilt bullish in our view,” Jim Ritterbusch, president of Ritterbusch and Associates, said in a note.
In physical oil markets, OPEC’s No. 2 producer Iraq said on Monday that it will keep prices steady for its May crude supplies.
WTI’s discount to Brent recently has widened to its largest since January, reflecting some of the investor caution over rapidly expanding U.S. output WTCLc1-LCOc1.
However, production from the prolific Permian basin may already be outpacing pipeline takeaway capacity and could prompt producers to slow down drilling.
81 Comments on "Oil rallies as concerns grow over geopolitics"
Davy on Thu, 12th Apr 2018 2:01 pm
You English should talk. Like you guys are not one of the most corrupt nations on earth. I have said many times it sucks being American. You people act like you think you understand us more than we do but you don’t. You spend too much time on the internet. You anglos deserve what’s coming even if it has an American calling card. BTW, I could give a shit about Anglos especially Canadians. You fucks are a bunch of whining pussies.
GregT on Thu, 12th Apr 2018 2:15 pm
“You anglos deserve what’s coming even if it has an American calling card. BTW, I could give a shit about Anglos especially Canadians. You fucks are a bunch of whining pussies.”
Now tell everyone here again who the warmonger is Davy.
Everybody that you are constantly attacking does not want any more of your unjust ZOG wars. Enough of the mass murdering already.
Davy on Thu, 12th Apr 2018 2:41 pm
You Canadians are complicit in all the American sins so let’s call you accomplices. You have grown rich of the tails of the Americans. What a disgusting people to have whiners like you that dedicate their life to anti-Americanism and self-promotion and self-righteousness. You people stink too. Your people make loads of money selling arms too. Your people are integrated into the US government through your lobbyist and power networks. The last thing I want to hear is a stupid Canadian whine and moan. BTW, greggie, you support two individuals who warmonger here daily. Yesterday you were gloating over the fact I live by a military base that may be hit in the event of a nuk war. You are a disgusting mongrel, greggie and I hope the worst for you is coming because you have proven over 5 years that this is what you want for me. Go fuck yourself hypocrite.
GregT on Thu, 12th Apr 2018 2:56 pm
“You are a disgusting mongrel, greggie and I hope the worst for you is coming because you have proven over 5 years that this is what you want for me. Go fuck yourself hypocrite.”
I do not hope the worst for anyone Davy. That would be called hatred.
Hatred is a useless human emotion.
Davy on Thu, 12th Apr 2018 3:23 pm
Greggie, you are a fake and superficial. I have dealt with you so long I understand how you operate. You are the worst kind of human because you are dishonest with a showy presentation of respectability. What matters is what is in your heart and that is dirty and nasty.
GregT on Thu, 12th Apr 2018 3:36 pm
“What matters is what is in your heart and that is dirty and nasty.”
Wishing the worst on somebody else is dirty and nasty Davy. Hatred is dirty and nasty, and accomplishes nothing other than to spread more dirty and nasty hatred.
Hatred:
“Hatred or hate is a deep and extreme emotional dislike, especially invoking feelings of anger or resentment. It can be directed against individuals, groups, entities, objects, behaviors, or ideas. Hatred is often associated with feelings of anger, disgust and a disposition towards hostility.”
Psychoanalytic views:
In psychoanalysis, Sigmund Freud defined hate as an ego state that wishes to destroy the source of its unhappiness.
https://en.wikipedia.org/wiki/Hatred
You really should have gotten the help that you so desperately needed years ago Davy. As every day goes by, your condition continues to become more and more dysfunctional, and disturbing. Nobody can help you but yourself, and it is now likely far too late for you to ever get better again.
You have nobody to blame but yourself Davy.
Cloggie on Thu, 12th Apr 2018 3:43 pm
“You are a disgusting mongrel, greggie”
One can safely assume that meathead hasn’t the foggiest clue what a “mongrel” is. “Nationalist” same story.
Considering the level of frustration virulent within meathead it is obvious that he doesn’t consider the famous “neutering” to be very real.
Davy on Thu, 12th Apr 2018 4:05 pm
Look in the mirror mongrels.
GregT on Thu, 12th Apr 2018 4:51 pm
“Look in the mirror mongrels.”
Come on Davy, fess up.
Your constant childish rhetoric and name calling are indicative of a pre-pubescent teenager, and your convoluted stories are far too fantastic and incredible for anybody to take seriously. Who are you really? What is your actual age? Where do you reside? And what is your real motivation for plugging up this forum with your non-stop unadulterated delusional bullshit?
MASTERMIND on Thu, 12th Apr 2018 5:31 pm
Shut the fuck up Davy and Greg and Clog..All three of you people are pathetic low life’s. All three of you have mental issues. why dont you all exchange emails addresses and then you can shout and talk shit all you like. Without spamming this blog with your hatred and bigotry.
Davy on Thu, 12th Apr 2018 6:05 pm
mongrel, quit the drama queen stage theatricals. You say this shit every time I slap you in the face with a neutering. Sooner or later you would think you would get the hint that you are a prick who hates Americans with an unhealthy obsession. I am an American that will not put up with your shit. You will get back everything you dish out and them some, prick.
Davy on Thu, 12th Apr 2018 6:13 pm
master baiter, you have not been here long enough to act like you have authority. You are a stupid ugly American asswipe that gives these mongrel anti-Americans a reason to hate Americans. You even give me a reason to feel bad about myself as an American. Go back to school and put that high price education you brag about to work. I imagine my taxes have paid for it somehow, if you even have an education. That is debatable. It ain’t doing shit here but making you look ridiculous. I think you are here strictly for attention because I am not seeing anything like an intellectual curiosity with a contribution.
GregT on Thu, 12th Apr 2018 6:22 pm
MM is not an ugly American Davy. He doesn’t spend every waking moment on this forum talking about everything American, and anti-American.
You would be the only ugly American here on a regular basis Davy. The are the epitome of the ugliest, of ugly Americans. It doesn’t get any more uglier than the likes of you.
MASTERMIND on Thu, 12th Apr 2018 6:24 pm
Davy
Ever since I came around things have changed. This place needs a new kind of criminal. And I am going to give it to em!
MASTERMIND on Thu, 12th Apr 2018 6:27 pm
Trump, Bolton and the looming threat of war with Russia
https://www.salon.com/2018/04/12/trump-bolton-and-the-looming-threat-of-war-with-russia-could-the-presidents-corruption-save-us/
Trump has turned into a raging globalist Neo Con hammering for regime change! He is like Bush Jr on steroids!
MASTERMIND on Thu, 12th Apr 2018 6:32 pm
U.S. Homeland Security to compile database of journalists, bloggers and ‘media influencers’
https://chicago.suntimes.com/news/homeland-security-to-compile-database-of-journalists-and-media-influencers/
So they are making a list and checking it twice, using it to detain or kill who’s naughty or nice.
Anonymouse1 on Thu, 12th Apr 2018 6:37 pm
You’re taking this whole bipolar thing to an entirely new level exceptionalist. Are you having full-on arguments with your own sock now?
Davy on Thu, 12th Apr 2018 6:38 pm
home run! bagged two dumbass Canadians.
MASTERMIND on Thu, 12th Apr 2018 6:39 pm
Annyomouse
Check out my manifesto of collapse. It could be quit possibly the most shocking thing ever created.
https://imgur.com/a/pYxKa
Davy on Thu, 12th Apr 2018 6:39 pm
“Ever since I came around things have changed. This place needs a new kind of criminal. And I am going to give it to em!”
That’s fine have fun. I just gave you my opinion for what it is worth.
GregT on Thu, 12th Apr 2018 6:45 pm
“home run! bagged two dumbass Canadians.”
Now he imagines himself as a legendary baseball player. What could he possibly dream up next?
Davy on Thu, 12th Apr 2018 6:56 pm
greggie, keep on pricking. How long can you keep this up. I bet you are beating off as we speak. mongrel prick
peakyeast on Thu, 12th Apr 2018 7:18 pm
@MasterMind: Nice job with your manifesto.
MASTERMIND on Thu, 12th Apr 2018 7:37 pm
Humans can not live without illusions. For the men and woman of today, an irrational faith in progress may be the only antidote to nihilism. Without the hope that the future will be better than the past they could not go on.
-John N Gray
MASTERMIND on Thu, 12th Apr 2018 7:43 pm
Thank you peakyyeast.
GregT on Thu, 12th Apr 2018 8:05 pm
“I bet you are beating off as we speak. mongrel prick”
What’s with your fixation on human genitalia Davy? Do you consider that to be a sign of maturity?
Davy on Thu, 12th Apr 2018 8:34 pm
You are the one that wanted to ass fuck me, mongrel greggie. Explain that first buttercup.
makati1 on Thu, 12th Apr 2018 8:50 pm
Greg, Davy is one fucked up individual. His apprentice, MM, is following closely in his footsteps. Both delusional and detached from all reality. Both fixated on sex and immature arrogance. Glad I live in a sane country with sane, inteligent friends and neighbors. America is really going downhill fast.
GregT on Thu, 12th Apr 2018 9:12 pm
I have plenty of American friends and family members makati, only one of them comes even remotely close to being as fucked up as Davy is. My wife’s uncle, and he’s one seriously messed up guy.
Cloggie on Thu, 12th Apr 2018 10:35 pm
This joe guy is not as bad as I thought he was. Amazing!
joe on Fri, 13th Apr 2018 12:02 am
Don’t even think for a minute that you and I think the same way. Though it could be that the right thing is so obvious in the case of syria and Yemen that we can’t help but to agree. A christian must at all times examine himself and consider the righteousness of his actions. Whatever I think of Assad (whoes family does have a history of using gas btw), it does not mean I think anything good can come from destroying the only structure that Syria has left. If you take away civil society infrastructure, you will get uncivilised infrastructure. There are just too many competitive interests over Syria, SYRIA! A backwards out of the way country of real importance except it’s suddenly at the centre of Americans political figures minds to for some reason invade or destroy the government of Iran for some reason. The appointment of John Bolton does not help Trump, cause that means people like Cheney are back in the mix behind the scenes. These people are cold warriors who proved time and again they are useless and running an imperialist programme, the reason is because they are Americans, and Americans believe in freedom, not control, but the people they try to liberate come from very controlled and conservative societies.