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?
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
The Above Top Secret Web site is a wholly owned social content community of AboveTopSecret.com.
This content community relies on user-generated content from our member contributors. The opinions of our members are not those of site ownership who maintains strict editorial agnosticism and simply provides a collaborative venue for free expression.