LONDON - Suspected attacks on two tankers off the coast of Iran saw oil markets erupt out of their recent slump on Thursday and kept traders gobbling up ultra-safe government bonds, gold and the Japanese yen.
The area is near the Strait of Hormuz through which a fifth of global oil consumption passes from Middle East producers. Given that oil was at 5-month lows yesterday, people are taking precautions that it might escalate into something further. Doubts were growing too about any improvement in what U.S. President Donald Trump called ‘testy’ trade relations with China before this month’s G20 summit and some market anxiety emerged that Federal Reserve rate cut speculation may have been overdone.
“The U.S. real economy has not worsened that much. But given market expectations, the Fed will have no choice but to cut rates,” said Kozo Koide, chief economist at Asset Management One.The 10-year U.S. Treasuries yield dipped to 2.103 percent, near Friday’s 2.053 percent, its lowest level since September 2017, while Germany borrowing costs sank back toward all-time lows in Europe.
In the currency market, the yen gained 0.2% to 108.32 to the dollar as risk sentiment soured while the Australian dollar dropped 0.25% to $0.6910.
What a complete farce.
You're creating a huge bubble yet again. Every dope knows large short term gains leads to massive long term debt.
Love too enjoy late stage capitalism as the world burns
the IRGC has cruise missiles painted on oil refineries in SA. This act was a ' let my idiot Shia friends toss a rocket across the border.' So, let's not sell arms to SA b/c an activist got Tony Sopranoed'd. Bigger picture. Even Obama understood it.
False flag
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Two oil tankers struck in suspected attacks in Gulf of OmanUS Navy says it is assisting two oil tankers targeted in a 'reported attack' in Gulf of Oman. An Oil tanker owned by Norway's Frontline struck by a torpedo off the coast of Fujairah in the UAE, shipping newspaper Tradewinds cites unnamed sources.
Source: trtworld - 🏆 101. / 63 Read more »
Oil surges after report of tanker incident in Gulf of Oman near IranOil prices surged on Thursday after a unit of the United Kingdom's Royal Na... The situation is very serious and is a predictor of a world war that is killing and destruction, the main victim of Iran and its regime, and states that say that it is 'neutral' is not immune to damage and will suffer a lot of damage. Not a good news for Trump claiming Iran's behavior in the region has changed! He needs to keeps the oil price low for his 2020 re-election. The Iranian regime sponsoring terrorism is responsible for this attack
Source: Reuters - 🏆 2. / 97 Read more »
U.S. Navy aware of new 'reported attack' on oil tankers in Gulf of OmanThe stretch of water separates Oman and the United Arab Emirates with Iran. Tensions have risen between Tehran and Washington in recent months. Are you sure that wasn’t the Gulf of Tonkin? MalcolmNance This is more responsible. Bravo! Don’t just go all out “confirming” the attacks by Iranian operatives with torpedoes. 😂
Source: NBCNews - 🏆 10. / 86 Read more »
Navy aware of new 'reported attack' on oil tankers in Gulf of OmanThe stretch of water separates Oman and the United Arab Emirates with Iran.
Source: NBCNews - 🏆 10. / 86 Read more »
Oil jumps more than 3% on reports of tanker incident in the Gulf of OmanBrent crude spiked 3.6% on Thursday morning on reports of tanker explosions in the Gulf of Oman. “Incident,” not “accident,” is the operative word. Another manipulated effort to prop up oil prices? Keep selling rallies Bad news
Source: CNBC - 🏆 12. / 72 Read more »
Reports of Incident in Gulf of Oman Send Oil Prices UpA U.K. maritime safety group early Thursday warned of an unspecified incident in the Gulf of Oman, as tensions remain high between the U.S. and Iran following an attack on four tankers in the region last month. who's attacked Americans need to leave the middle east... FAKENEWS abiotic oil is everywhere and some ship attack should have NADA influence on oil prices.
Source: WSJ - 🏆 98. / 63 Read more »