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Big drop in Brent with WTI up ? Looks like Iran is capitulating or people think so. Weak employment numbers with impending recession again ?
Where do you see WTI down?http://www.bloomberg.com/energy/
Iran is not likely to roll over. they may project that view, which plays into the US need to postpone conflict till after the election. Time is on their side if they play if cool. The big moves in Oil are all delayed 6 months which is enough to take the speculative air out of the ball, but I dont believe its game over.