View full page at energyexch.com

 

John Bolton was fired, and the price of oil instantly fell

From cnn.com

{video} Oil prices fell swiftly on Tuesday after President Donald Trump fired Iran hawk John Bolton as national security adviser. The surprise exit of Bolton prompted speculation that the tensions between the United States and Iran could ease, or at least that the chance of a military conflict had decreased. Bolton was a strong proponent of the Trump administration's "maximum pressure" campaign against Iran. That campaign was built on tough sanctions that caused Iran's oil exports to plunge. US oil tumbled as much as 2.2% to $57.30 a barrel immediately after Trump tweeted out the firing of Bolton. Crude bounced ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis