Commodities

IEA: Iran sanctions pressure world’s oil supply – The United States Brent Oil ETF, LP (NYSEARCA:BNO)

“As oil sanctions against Iran take effect… maintaining global supply might be very challenging and would come at the expense of maintaining an adequate spare capacity cushion,” the IEA said in latest monthly report. “Thus, the market outlook could be far less calm at that point than it is today.”

Trade tensions and expectations of reduced growth are still weighing on crude prices this week, with Brent on course to register a near 2% fall and WTI set for a drop of almost 3%.

ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, USL, DNO, OLO, SZO, OLEM, WTIU, OILK, OILX, WTID, USOI, USOU, USOD, UBRT, DBRT, OILD, OILU, USAI

Source

neallesh@yahoo.co.uk

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.