Supposed Pipeline Explosion Drives Oil Above $110 A Barrel, Reported False After Market Close
If a falsified report that a Saudi pipeline can drive oil over $110 a barrel, just imagine the repercussions of a full Iran-Israel conflict. According to the report that was later confirmed “completely false” after US markets had just closed, a natural gas pipeline in the city of Awamiyah exploded resulting in numerous injuries and deaths. Thats right, natural gas drove up the price of crude simply on rumor. That should give you an idea of how volatile the Iran situation is on the markets, despite stepping out of the headlines momentarily. Considering we have close to two years supply … Read more