Iran asserted that it will retaliate to sanctions and is now showing a willingness to share nuclear research with its neighbors. Exxon raised the threat level in Nigeria. If their output is lost on top of what's already down, we'll miss about 1 million barrels of irreplaceable oil.
More Quotes from John Kilduff:
Natural gas is the one commodity here that I have very little to say about in the way of good news.John Kilduff
We will be keeping an eye on Nigeria, Iran and even Iraq. The Nigerian news failed to spark a rally today. We've become a bit jaded.
John Kilduff
Even though natural-gas prices don't have a direct link to current geopolitical uncertainties, it has to make those holding short positions more than a bit anxious.
John Kilduff
There were very weak fundamentals before this sell-off. The failure to make above 10 generated a lot of selling.
John Kilduff
We must also note the rising concern of complications with the implementation of new US gasoline rules and supposedly some complications from the rising use of ethanol, as those situations are clearly prompting speculative buying.
John Kilduff
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