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Crude Tumbles On Iran "Deal" Headlines

Tyler Durden's picture
Submitted by Tyler Durden on 04/02/2015 13:31 -0400



 

Despite the "deal" having absolutely no content whatsoever... the headlines:

  • IRAN OIL, BANK SANCTIONS WILL BE LIFTED ONCE DEAL IMPLEMENTED

...are enough to send the algos scrambling and spark weakness across the crude complex (even though this 'news' is stating what will/may/could/won't happen after June 30th).

 

WTI Tanking...

 

Brent unwinds it all...

 

 

Charts: Bloomberg

 
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Thu, 04/02/2015 - 13:38 | 5952760 KnuckleDragger-X
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"Once the deal is implemented" Rainbows and unicorn pee for everyone bartender.....

Thu, 04/02/2015 - 14:50 | 5953063 atomp
atomp's picture

As soon as Arafat and Rabin sign that peace treaty. Am I right?

Thu, 04/02/2015 - 18:58 | 5953868 Carpenter1
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Deal ensures that oil price goes nowhere, except maybe down, for a very, very long time.

Thu, 04/02/2015 - 13:41 | 5952764 viahj
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so is the KSA happy or mad?  falling oil prices makes them happy (to hurt Russia, other oil exporters and US shale)  Iran entering the official oil market...makes them mad.  what will the new kingdom do, blow their own fields and blame the Shia?

Thu, 04/02/2015 - 14:11 | 5952907 sun tzu
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Happy for now. Destroy shale first then then false flag against the mullahs later

Thu, 04/02/2015 - 14:51 | 5953066 max2205
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Wow nice bottom call again TD!!

Thu, 04/02/2015 - 13:41 | 5952777 Bell's 2 hearted
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how many minutes till a "rumor" of a pipeline blown up?

Thu, 04/02/2015 - 13:42 | 5952786 MountainMan
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They will buy the news.

Thu, 04/02/2015 - 13:43 | 5952794 foodstampbarry
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Canada needs corpses all over the middle east, their healthcare system depends on it.

Thu, 04/02/2015 - 13:47 | 5952807 Burls
Burls's picture

The algos just read 'Iran' and 'deal' in the same headline and BOOM! ... the sell program is activated.

Isn't the FREE MARKET wonderful?

Thu, 04/02/2015 - 13:48 | 5952813 juicy_bananas
juicy_bananas's picture

When will the Israeli strike news reach the algos?

Thu, 04/02/2015 - 15:14 | 5953161 weburke
weburke's picture

sept !

Thu, 04/02/2015 - 13:49 | 5952816 MountainMan
MountainMan's picture

This is a done for now. Saudi's have picked a soon to be bloody fight at their border. Risk is coming back on big itme.

Thu, 04/02/2015 - 13:55 | 5952840 MountainMan
MountainMan's picture

Everyone has focused on Iran and everyone has taken their eyes of Yemen.

Thu, 04/02/2015 - 14:13 | 5952922 sun tzu
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Yemen produces less oil than Ohio

Thu, 04/02/2015 - 14:26 | 5952972 MountainMan
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This is not about Yemen, its about violence spreading into Saudi territory. You know, things such as suicide missions.

 

Thu, 04/02/2015 - 14:39 | 5953019 walküre
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Saudi only exports suicide bombers. Everyone in Langley and Ft Mead knows this. Not sure what you're trying to suggest here.

Thu, 04/02/2015 - 14:10 | 5952880 Chuck Knoblauch
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The hammer is cocked.

The market understands.

If there is a communist revolution in the US.

Buffett and Gates are sushi.

Stick that in your algo, mf.

Thu, 04/02/2015 - 14:38 | 5953018 DutchR
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what will/may/could/won't happen after June 30th

Hell, that is millennia away............in the HFT timezone


 

Thu, 04/02/2015 - 15:30 | 5953213 Sages wife
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We no longer just drag demand forward.

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