Crude Oil at Geopolitical Premium

Mike Paulenoff By

NYMEX Crude Oil traded at a high of $70.76 this morning, a price that it last printed in Nov. 2014. With a Trump decision about staying or leaving the Iran Nuclear Deal slated for no later than mid-night on Friday May 12th, and amid intensifying tensions between Israel and Iran, upward pressure on Crude-- a geopolitical premium in any case-- is likely to remain in place for the next several days...
5 07 18 Crude 4 hr chart 925 GIF
5 07 18 Crude 4 hr chart 925 GIF

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