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Oil Crisis & Bear Market??

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posted on Sep, 12 2007 @ 07:19 PM
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If and when the US launches an attack on Iran, disrupting oil supplies, would you expect oil stocks to rise? Would they continue to rise even if the overall market declines as a result of the mideast turmoil which would surely result?




posted on Sep, 12 2007 @ 09:50 PM
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Oil is traded in future commodities. That means there's tons of speculation driving the prices. Anything happening in the middle east will start a panic. "O no! What if they close the Straights of Hormez"? I'd wager that oil would instantly be at $100 a barrel if something kicked off with Iran.



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