Oil: Focus on Trump’s comments on Iran - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities suggest that following OPEC's refusal to pledge more oil production this weekend, energy traders will be looking towards President Trump's comments on Iran as world leaders meet at the United Nations this week, in additional to the DOE's weekly inventory data.

Key Quotes

“Considering this weekend's attack on Iran's military parade, we also suspect that the heightened level of tensions could well lead to fiery rhetoric that bolsters crude prices as Iran has also blamed Western powers for the attack.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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