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Oil executives are traveling to Caracas in droves.
But the problem is, there's a shortage of golf clubs there. And the golf clubs that are there don't have much equipment, so players are being forced to share their irons.
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OIL TRANSPORT VIA SAUDI ARABIA'S EAST-WEST PIPELINE HITS APPROXIMATELY 3.5 MILLION BARRELS PER DAY.
Oil and Yields have the market by the balls once again today. $TSLA $SNDK $MU
OIL JUMPS 2% AS U.S.-IRAN TALKS STALL
Brent surged 2.5% to $106.92, while WTI climbed 2.3% to $94.49 after President Trump rejected Iran’s proposal to end the conflict and reopen Hormuz.
Further U.S.-Iran talks are expected this week, while Houthi attacks on Saudi Arabia add to regional risks.
Middle East exports are recovering, but analysts say the oil market remains in deficit, keeping upward pressure on prices.
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Oil gains as geopolitical risks grow and stockpiles shrink-wsj
Oil heads higher as US-Iran peace talks in stalemate
Oil gains over 1% as Trump rejects Iranian proposal to reopen Hormuz Strait
Oil rebounds after Trump rejects Iran peace deal
OIL PRICES REBOUND MORE THAN 1% AFTER TRUMP REJECTS IRAN PEACE DEAL TO REOPEN STRAIT OF HORMUZ
"Oil is less expensive now than it was under the Biden administration."
-- Trump, yesterday.