Saturday, April 4, 2026 
The Price of Oil
President Barack Obama’s press conference and subsequent Q&A from the G20 summit in Pittsburgh have elicited strong reactions from east to west and beyond. It is my opinion that Iran’s twist of fate lies with Israel. For more background, I recommend this article from the Wall Street Journal:
Conflict is inevitable unless the West moves quickly to stop a nuclear Tehran.
Due to fundamental and technical factors, crude oil is poised to move lower. If middle east geopolitical concerns escalate, the rotation into the dollar (risk aversion) will have profound affects on the price of oil, as it is dollar denominated. The move lower will gain velocity if the dollar makes a sudden move higher. Traders going long oil as a hedge against geopolitical concerns may be surprised at how quickly the price of oil crashes, as a result of dollar strength — supply disruption or not.
Peace
Great insight Mr. V.
This is clearly an issue to follow closely.
Comment by Greg — September 26, 2009 @ 8:48 pm
RSS feed for comments on this post.
TrackBack URL
https://www.volatilitynews.com/2009/09/the-price-of-oil/trackback/
Leave a comment