Malcolm Graham-Wood
Independent Analyst
So somebody was watching the Straights of Hormuz after all and has started counting the Iranian vessels off to old markets. Traders were still sorting out their positions yesterday after a retail influx closed their books quite nicely, if you know what I mean. Selling the very end of the Brent option which expires today was easy as feeding goldfish and after that they whacked the price down, expect something similar on Friday when the contract expires.
The Opec Secretary General called on the worlds biggest producers to stop the decline but knowing it was pure politics…
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