WS #13855
Pakistan says US and Iran are close to a peace arrangement, causing oil to erase gains and US stock futures to rise, countering the bullish oil thesis. Libya's Zawiya refinery blaze and Ukraine's deep strike on Russia's Taneco refinery (13 dead) reinforce supply-side oil bullishness despite peace talks.
US-Iran Peace Optimism
Pakistan says US and Iran are close to a peace arrangement, causing oil to erase gains and US stock futures to rise, countering the bullish oil thesis.
Libya's Zawiya refinery blaze and Ukraine's deep strike on Russia's Taneco refinery (13 dead) reinforce supply-side oil bullishness despite peace talks.