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    Crude Oil Price Flops; Trump May Ease on Iran After Bolton Fallout

    WikiFX   |   2019/9/11 16:41:00
    Abstract：US Crude Oil Futures are dropping today as reports cross the wire revealing that Boltons prompt exit from his advisory role stemmed from a fundamental disagreement with President Trump on Iran.

    　　Crude Oil - Talking Points

    • 　　Crude Oil Futures are dropping in the morning trading session as fallout from Boltons exit from the White House reveal fundamental disagreements between the President and the now former National Security Advisor John Bolton

    • 　　Crude Oil Futures are pushing near the $56 dollars per barrel mark as the news hits markets

    • 　　DailyFX Forecasts are published on a variety of markets such as Gold, the US Dollar or the Euro and are available from the DailyFX Trading Guides page. If youre looking to improve your trading approach, check out Traits of Successful Traders. And if youre looking for an introductory primer to the Forex market, check out our New to FX Guide.

    　　Crude Oil Futures (5-Min)

    Crude

    　　People familiar with the matter report that Bolton, a well-known Iran hawk was strongly opposed to that approach on Iran and voiced his displeasure to President Trump. Although, it is unknown if Iran would agree to such a meeting, the United States has been preparing for the meeting to potentially take place at the United Nations General Assembly later this month. Bolton‘s departure from the White House could be seen as improving the odds of such a meeting taking place which traders have evidently viewed as a potential tailwind for crude oil supply – thus dinging the commodity’s price.

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