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2021-06-08 Syria-Lebanon-Iran
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Oil Retreats as Investors Await Iran Nuclear Talks
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[ENGLISH.AAWSAT] Oil pulled back after hitting fresh multi-year highs on Monday, as investors awaited the outcome of this week's talks between Iran
 ...a theocratic Shiite state divided among the Medes, the Persians, and the (Arab) Elamites. Formerly a fairly civilized nation ruled by a Shah, it became a victim of Islamic revolution in 1979. The nation is today noted for spontaneously taking over other countries' embassies, maintaining whorehouses run by clergymen, involvement in international drug trafficking, and financing sock puppet militias to extend the regime's influence. The word Iran is a cognate form of Aryan. The abbreviation IRGC is the same idea as Stürmabteilung (or SA). The term Supreme Guide is a the modern version form of either Duce or Führer or maybe both. They hate Jews Zionists Jews. Their economy is based on the production of oil and vitriol...
and world powers over a nuclear deal that is expected to boost crude supplies.
Brent crude futures for August fell 66 cents, or 0.9%, to $71.23 a barrel by 0645 GMT, after earlier hitting $72.27, their highest since May 2019. US West Texas Intermediate crude for July touched $70 for the first time since October 2018 but reversed course to be at $69.10 a barrel, down 52 cents, or 0.8%.
Investors may have sold off some contracts to take profit when WTI hit $70, said Avtar Sandu, a senior commodities manager at Phillips Futures in Singapore.
"The primary concern is about Iranian barrels coming back into the market but I don't think there will be a deal before the Iranian presidential election," he added.
Data showing a 14.6% year-on-year drop in China's crude oil imports in May on Monday also weighed on prices.
However,
if you can't say something nice about a person some juicy gossip will go well...
Brent and WTI have risen for the past two weeks as fuel demand is rebounding in the United States and Europa
...the land mass occupying the space between the English Channel and the Urals, also known as Moslem Lebensraum...
after governments loosened COVID-19 restrictions ahead of summer travel. 
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Posted by Fred 2021-06-08 00:00||
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File under: Govt of Iran
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