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U.S. oil prices dropped 2% on Wednesday after Bloomberg News...

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    U.S. oil prices dropped 2% on Wednesday after Bloomberg News reported that President Donald Trump discussed easing sanctions on Iran in order to reopen negotiations.

    It's unfortunate that a commodity, such as oil, should rise or fall on rumours. Complete BS that just because John Bolton is sacked it becomes a signal that Trump will somehow go easy on Iran. If he does he is going to look like a complete numpty.

    On the other hand it suits Trump for a rumour like this to get out as it keeps the POO in check.

    Hard to figure out what is fact and what is fiction sometimes.

    So here is a prediction POO has dropped but I expected that the fundamentals will kick back in and it will rise again over the next day or so. These things that are reported are too convenient sometimes.

    Anyhow I could be wrong so let's see what happens in the next 24 - 48 hours while all the rabbits come out of their holes after hearing the gunshot.

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