​WTI Holds Gains Despite Surprise Crude Build (Biggest SInce June) – Tyler Durden

WTI Holds Gains Despite Surprise Crude Build (Biggest SInce June) Oil prices continues to rise (amid geopolitical tensions), supported by an API-reported crude draw overnight and OPEC+ headlines denying any apparent rift or plans to increase production aggressively. “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 neighbours, you have to price in some geopolitical disruption risk, especially when it comes to Israel,” he…  — Continue at ZeroHedge News : Read More