Oil Spikes Near $33 After Turkey-To-Invade-Syria Rumor

Tyler Durden's picture




 

Yesterday it was chatter of 6 (non-Saudi) OPEC members agreeing to an emergency meeting (to do what exactly?) that ramped crude (despite dismal production, inventories, and demand data). Today it is talk of Turkey potentially invading Syria from the Russian defense minister...

“We have serious grounds to suspect intensive preparations by Turkey for a military invasion on the territory of the sovereign state of Syria,” Major General Igor Konashenkov, Defense Ministry spokesman, told journalists.

And crude is spiking back toward $33..

 

As RT reports, developments on the Turkish-Syrian border give serious grounds to suspect that Ankara is planning a military invasion in Syria, the Russian Defense Ministry said.

“We are recording more and more signs of concealed preparations by the Turkish military,” he added.

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Thu, 02/04/2016 - 09:16 | 7139283 Xatos
Xatos's picture

I suppose Damascus will fall sooner or later.

Thu, 02/04/2016 - 09:20 | 7139309 stocktivity
stocktivity's picture

Every fucking day some stupid farce rumor!  What a joke. Someone (probably Goldman) starts a rumor and cashes in on the up tick. Then switches the trade at the peak and retracks the rumor. 

Thu, 02/04/2016 - 09:23 | 7139324 EscapeKey
EscapeKey's picture

manipulation is legal provided its performed by insiders

Thu, 02/04/2016 - 09:26 | 7139338 philipat
philipat's picture

Sure, Russia will allow Erdogan's personal fortune games to take Syria...Sheesh

Thu, 02/04/2016 - 09:27 | 7139348 Mr.Sono
Mr.Sono's picture

WW3 here we come, fucking assholes.

Thu, 02/04/2016 - 09:40 | 7139411 Dr. Engali
Dr. Engali's picture

Personally I'm not a fan of my family or anybody else's gettin vaporized. I'd much rather see the asshole's in washington burn so we don't get to that point.

Thu, 02/04/2016 - 09:50 | 7139431 Jtrillian
Jtrillian's picture

-

Thu, 02/04/2016 - 10:34 | 7139681 No Half Measure
No Half Measure's picture

Yup, it is all BS until the Saudies say that they will cut production.  Who cares if Turkey invades, they were already buying the oil from ISIS, they will just cut out the middle man.

Thu, 02/04/2016 - 09:22 | 7139320 Enceladus
Thu, 02/04/2016 - 10:15 | 7139576 The Wizard
The Wizard's picture

It's amazing how people misinterpret Scripture. There is not geographical territory in the Bible called Israel. Israel is a people, not a geographical country that was created via deception in 1948.

On top of it the people called Israel don't have a clue who they are in this age. That is why Jesus called them "lost".

Thu, 02/04/2016 - 10:27 | 7139620 peddling-fiction
peddling-fiction's picture

It is not of man to know about the end days. Only of God.

Thu, 02/04/2016 - 13:24 | 7140444 Volkodav
Thu, 02/04/2016 - 10:07 | 7139533 Invinciblehandaxe
Invinciblehandaxe's picture

Will we see those S400 in action already?

Terrogan should soon be heartattacked.

Thu, 02/04/2016 - 14:31 | 7139629 peddling-fiction
peddling-fiction's picture

<<<< We heartattacked some folks.

<<<< Ouch. Truth hurts.

Thu, 02/04/2016 - 11:23 | 7139907 post turtle saver
post turtle saver's picture

spikes to $33! happy days are here again! bwahahahahahahahahahahahahaha....

Thu, 02/04/2016 - 09:17 | 7139285 Dr. Engali
Dr. Engali's picture

Scare mongering everywhere you turn. Isn't the NWO wonderful? 

Thu, 02/04/2016 - 09:32 | 7139371 Rainman
Thu, 02/04/2016 - 09:17 | 7139286 Jacksons Ghost
Jacksons Ghost's picture

Empire of Chaos @ work.

Thu, 02/04/2016 - 09:18 | 7139287 JustObserving
JustObserving's picture

The Nobel Prize Winner has given permission to his puppet, Erdogan, to invade Syria?  Putin will blast any Turkish invasion to bits.  Stupid and criminal as Erdogan may be, he is not suicidal.

Thu, 02/04/2016 - 09:19 | 7139302 LawsofPhysics
LawsofPhysics's picture

Yes, the spice must flow....

 

Same as it ever was...

Thu, 02/04/2016 - 09:35 | 7139388 new game
new game's picture

draw russia into a much bigger conflict. i get it, they took the bait yet? hmmm, sumthing tell me russia not so stupid...

Thu, 02/04/2016 - 14:34 | 7139638 peddling-fiction
peddling-fiction's picture

Ukraine and the fighter jet shot down by Turkey was bait.

They will choose when to bite.

Thu, 02/04/2016 - 09:34 | 7139382 laser
laser's picture

We need to see how well that Russian electronic warfare technology really works.

Thu, 02/04/2016 - 10:56 | 7139773 Parth
Parth's picture

They took over US drones over Iran. And some recent probable GPS manipulation on US naval vessels.

Thu, 02/04/2016 - 09:18 | 7139290 Wannabe_Oracle
Wannabe_Oracle's picture

so dead people == profit... got it. ./

Thu, 02/04/2016 - 09:21 | 7139314 herkomilchen
herkomilchen's picture

Only when governments can take money from you to give to cronyists for it.  Then, yeah, dead people == profit.

Thu, 02/04/2016 - 09:19 | 7139297 venturen
venturen's picture

So Chamberlain/Obama has given us Peace in Our Time....

Thu, 02/04/2016 - 09:20 | 7139307 messystateofaffairs
messystateofaffairs's picture

Turkey invade Syria while the Russians are drooling for their blood? I think the Russians are having wet dreams.

Thu, 02/04/2016 - 09:23 | 7139308 BarkingCat
BarkingCat's picture

Vlad, get those cruise missiles on red alert and toast any Turks that come across the border.

Then hit their biggest military bases.

Thu, 02/04/2016 - 09:23 | 7139322 __Usury__
__Usury__'s picture

you tell me............

Trump's jet forced to make emergency landing on flight to Arkansas

http://www.dailymail.co.uk/news/article-3431100/Donald-Trumps-jet-makes-...

Thu, 02/04/2016 - 10:27 | 7139618 lakecity55
lakecity55's picture

Moar skulduggery by Hitlary?

Thu, 02/04/2016 - 10:58 | 7139803 Mr.BlingBling
Mr.BlingBling's picture

"Welcome to my parlor," said the spider to the fly.

Thu, 02/04/2016 - 09:23 | 7139325 RawPawg
RawPawg's picture

Game on?

Another tease?

Thu, 02/04/2016 - 09:26 | 7139326 roadhazard
roadhazard's picture

I'll never understand the BFD about oil at $30. or down at $25.  It's all the same... no news. Let me know when it gets back to $45 and the frackers pile back in and take it back to $27.

Thu, 02/04/2016 - 09:24 | 7139330 Mark Mywords
Mark Mywords's picture

I have it on good authority that the bus I am on is about to invade Pittsburgh.

Now please - buy some oil!

Thu, 02/04/2016 - 09:25 | 7139332 shovelhead
shovelhead's picture

That's one way to solve the refugee crisis.

Kill em all before they can leave.

Thu, 02/04/2016 - 09:28 | 7139352 two hoots
two hoots's picture

 

Easier to manipulate just oil than an entire market to juice results.  Seems that is the game these days?

 

Thu, 02/04/2016 - 09:31 | 7139367 Mark Mywords
Mark Mywords's picture

Yep. But just look at how Pavlov's dogs jump on this red meat here on ZH.

It works. Well.

Thu, 02/04/2016 - 09:29 | 7139358 101 years and c...
101 years and counting's picture

hurry and buy oil now!  WORRY ABOUT WHERE TO ACTUALLY STORE OIL AS CUSHING HITS CAPACITY WHEN THE TANKERS FULL OF OIL ARRIVE AT THE DOOR OF OUR HEDGE FUND????

Thu, 02/04/2016 - 09:29 | 7139361 NEOSERF
NEOSERF's picture

Funny how all the rumors these days support the market vs. the other way around.  Years ago, war, employee cuts, etc. would have hammered the markets...no more.

Thu, 02/04/2016 - 09:36 | 7139391 sony1
sony1's picture

Yellen is so afraid of the speech she has to buy oil futures and destroy another free market. If anything, she needs mental counselling not to be a fed chairman.

Thu, 02/04/2016 - 09:38 | 7139401 Omega_Man
Omega_Man's picture

quick... short turkey

Thu, 02/04/2016 - 09:50 | 7139452 Herdee
Herdee's picture

Russia would bring in the tactical nuclear weapons for experimental use against large troop movements if it happens.

Thu, 02/04/2016 - 09:50 | 7139456 anachronism
anachronism's picture

Turkey has to find a way to keep the rebel factions in Syria from being overwhelmed in piecemeal fashion. It cannot allow the Kurdish YPG from sealing the border with Syria. At some point, if unopposed by Turkey, either the SAA or YPG will accomplish these aims.

A rapid assault, lasting  48 hours max and at the cost of significant casualties, could enable the Turks to take tactically important positions within Syria that would block these two groups from achieving their goals. Then Turkey would "accept" a US-proposed ceasefire; and an interminable period of negotiations will ensue.

The Russians would either have to counterattack immediately -SAA and YPG on the ground, Russian Air Forces and missile forces in the air- or else accept that the Turks have stopped the resurgence of the Syrian Arabs and the Syrian Kurds. At the same moment that the Turks attack and the Russian/SAA/YPG/Iran/Hezbollah forces respond, Russia will demand that NATO/US restrain Turkey.

If the Russians fold, they will lose more than prestige and the initiative in the MidEast. It will restart the assault on the Donbass with a renewed conviction that Russia will let the Donbass go rather than fight for it. So, Russia has to respond aggressively. Unless the Turks are cowed quickly by events on the ground, the Turks will close the Boshorous Straits to Russia. The Russians will have to go to all-out war with Turkey if that occurs. Turkey would then invoke the "attack on one is an attack on all" provision of the NATO treaty. The US/NATO will either have to determine that Turkey is the aggressor, and therefore the self-defense assertion would be denied; or the third world war will have begun.

Erdogan is playing a dangerous game. And it is not a game of "chicken" either. He is not bluffing.

Thu, 02/04/2016 - 09:52 | 7139462 Han Cholo
Han Cholo's picture

Turkey will have a hard time invading Syria, there are reports of Russian S400 systems in theater. Couple that with Russian fighter jets, Turkish F-16's won't have much of a prayer which means no close air-support for Turkish "boots on the ground". I don't think it will be a bloodbath (well minus the poor slobs doing the invading) but it will certainly kick tensions into high gear and set the stage for dumb mistakes later that draw the U.S. in. Then it becomes "game on" for a massive war in that area. We are still a ways off from anything global at this point.

Thu, 02/04/2016 - 09:53 | 7139463 Han Cholo
Han Cholo's picture

double post..my bad

Thu, 02/04/2016 - 09:55 | 7139477 poland spring
poland spring's picture

Game of thrones - Mesopotamia edition

Thu, 02/04/2016 - 10:21 | 7139594 Infinite QE
Infinite QE's picture

Or Game of Thrones, Three Stooges edition

Thu, 02/04/2016 - 09:59 | 7139490 smacker
smacker's picture

If Erdogan invades Syria, we can expect to see columns of Turkish military hardware crossing the border. That'll be the cue for Russia to go on a Turkey shoot.

Once Turkish forces cross the border, Erdogan cannot claim Turkey was invaded by Russia and rely on NATO forces to protect him, although the gameplan might be to do exactly that and kickstart WWIII.

Thu, 02/04/2016 - 10:45 | 7139735 J Jason Djfmam
J Jason Djfmam's picture

Ergonad must go!

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