Oil down 2 percent, U.S. crude hits 6-year low on growing stocks, Iran talks

reuters.com ^ | Mar 16, 2015 | Barani Krishnan

[Berlin_Freeper]

Oil prices fell 2 percent on Monday, with U.S. crude hitting six-year lows, on signs of higher output in the United States and Libya and a possible nuclear deal that could end sanctions for Iran, allowing more of its oil into the market.

[Zuben Elgenubi]

Oil is being stored. Any plenty of it, something like 75% of storage capacity. Natural gas will pile up now with winter gone. Time to short the gas and make a profit.

[Berlin_Freeper]

Iran’s Nuclear Deal Could Open Oil Flood - Google Search

[nascarnation]

Gasoline back under 2 bucks here.
Gasbuddy guy on FoxBiz said $1.75 gal this summer.

ROAD TRIP!

[Berlin_Freeper]

Oil plunges to a 6-year low. Is $30 a barrel next?

[Berlin_Freeper]

Oil Crash Is Crushing Russia

[VeniVidiVici]

And gas prices are still up over 30% from their lows here a month ago.

[Berlin_Freeper]

oil

[AZLiberty]

Ah, now I get it. Barack’s real enemy is the U.S. fossil fuels industry. He’s making a nuclear deal with Iran to take Texas down a peg.

[thackney]

What area of Florida is up 30% from the bottom?

[VeniVidiVici]

Talking Western Maryland. It was down to around $1.85 at $48bbl now up around $2.39 and it’s drifted down to $43bbl.

[balch3]

Obama is bent on destroying the economy of Red states. Make no mistake.