​WTI Extends Gains After API Reports Another Crude Inventory Draw – Tyler Durden

WTI Extends Gains After API Reports Another Crude Inventory Draw Oil prices surged today as the record spec shorts suddenly realized that the Middle East is shitshow of geopolitical bomb fuses just ready to be lit. WTI spiked dramatically up near $72 on the Iranian missile attack in Israel before fading back a little “Iran sits astride the world’s most strategic energy region, oil- and gas- production facilities and transit choke points,” said Bob McNally, founder of Rapidan Energy Group and a former adviser to president George W Bush. “So, when Iran is involved in a shooting war with its…  — Continue at ZeroHedge News : Read More