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Commodities Briefing - Categorized | Oil, Price Watch more

Some bet oil prices will fall if a U.S. strike on Syria is quick

Posted on 06 September 2013

As some investors clamber to buy oil before a potential U.S. strike in Syria, others are advocating what seems like a counterintuitive strategy: sell, sell, sell. Against common wisdom, some say military action in Syria is more likely to cause prices to fall because markets have already risen in anticipation of a U.S. intervention and there is little actual oil at risk in Syria.
“The higher the run-up prior to the event, the greater the post-event decline,” said Morgan Stanley in a note this week. “We would be sellers on any upward price action on military intervention in Syria.”……………………………………….Full Article: Source


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VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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