Currents - Energy Industry Insights - July 2019 #2

Spilman Thomas & Battle, PLLC

Oil Drops More Than 3% After State Secretary Pompeo Says Iran Is Ready To Negotiate About Its Missile Program -

"Oil prices turned lower on Tuesday, falling by about $2 a barrel as U.S. President Donald Trump said progress has been made with Iran, signaling tensions could ease in the Mideast."

Why this is important: The price of oil is extremely sensitive to geopolitical disputes that have the ability to affect supply. Prices of oil decreased in the short-term on news that the Trump administration was engaging Iran to settle disputes....

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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