Why The Iran Conflict Won’t Move Oil Prices

More Market Movers - In addition to the Wednesday boost from a Phase 1 US-China trade deal that would ostensibly see China import tons of US LNG and coal, oil prices got a boost Thursday from the Senate’s approval of the US-Mexico-Canada trade agreement, with Mexico and Canada being the top two targets for US petroleum exports. However, by Friday morning, oil was removing those gains in part on sluggish Chinese economic growth and data showing Chinese economic growth near a 30-year low. - Austerity is coming: The EIA is predicting a 50%+…