Good article. As I posted earlier Oil stocks selling lower because less chance of an attack on Iran since that fool is gone.
Oil falls after Trump fires national security advisor John Bolton
https://www.cnbc.com/2019/09/10/oil-markets-opec-saudi-arabia-in-focus.html
Published Tue, Sep 10 2019 5:10 AM EDTUpdated Moments Ago
Oil futures fell on Tuesday, losing early gains, after President Donald Trump announced that
he fired national security advisor John Bolton.
U.S. West Texas Intermediate (WTI) futures slipped 17 cents, or 0.4%, at $57.63 a barrel.
Brent futures also pared gains but remained slightly positive, up 21 cents or 0.3%, at $62.79 a barrel.
Bolton’s firing “dials back fears of an attack on Iran,” John Kilduff of Again Capital told CNBC.
Before Trump’s announcement, oil markets were headed higher on Tuesday toward its longest run of gains since late July.
The commodity had been rising on the updated outlook from Prince Abdulaziz bin Salman, Saudi Arabia’s new energy minister and a long-time member of the Saudi delegation to the Organization of the Petroleum Exporting Countries (OPEC). Prince Abdulaziz said the kingdom’s policy would not change and a global deal to cut oil production by 1.2 million barrels per day would be maintained.