{"id":3440,"date":"2012-02-08T01:48:49","date_gmt":"2012-02-08T06:48:49","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=3440"},"modified":"2012-02-08T01:48:49","modified_gmt":"2012-02-08T06:48:49","slug":"brent-oil-on-tear-with-iran-sanctions-europe-winters-commodities-futures-magazine","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/08\/brent-oil-on-tear-with-iran-sanctions-europe-winters-commodities-futures-magazine\/","title":{"rendered":"Brent oil on tear with Iran sanctions, Europe winters &#8211; Commodities &#8211; Futures Magazine"},"content":{"rendered":"<p><strong>PHIL FLYNN:<\/strong> The Brent crude versus WTI spread has blown out to the highest levels since last October surging over $20 on a combination of gluts, cuts and nuts. As U.S. refiners go into hibernation against a backdrop of weak demand, supply in the U.S. continues to rise. Refiners are cutting runs dramatically at a time when we are seeing rising Canadian oil sand production as well as shale liquids that is creating a glut of crude that seems to be getting more glutinous by the minute. Weak refining margins and the approaching shoulder season are weighing in on the West Texas Intermediate.<\/p>\n<p>On the other hand, Europe scrambles as fears that the nuts in Iran may do something crazy in response to the tightening economic noose around their necks. Add to that a wickedly cold winter and Asian refiners hoarding supply, and we have Brent crude on a tear&#8230;.<\/p>\n<p>via <a href='http:\/\/www.futuresmag.com\/News\/2012\/2\/Pages\/Brent-crude-oil-on-tear-with-Iran-sanctions-Europe-winters.aspx?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+FuturesMarketWatch+%28Futures+Market+Watch%29'>Brent oil on tear with Iran sanctions, Europe winters &#8211; Commodities &#8211; Futures Magazine<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHIL FLYNN: The Brent crude versus WTI spread has blown out to the highest levels since last October surging over $20 on a combination of gluts, cuts and nuts. As U.S. refiners go into hibernation against a backdrop of weak demand, supply in the U.S. continues to rise. Refiners are cutting runs dramatically at a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/08\/brent-oil-on-tear-with-iran-sanctions-europe-winters-commodities-futures-magazine\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Brent oil on tear with Iran sanctions, Europe winters &#8211; Commodities &#8211; Futures Magazine&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[495,3714],"class_list":["post-3440","post","type-post","status-publish","format-standard","hentry","category-gold-commodities","tag-brent-crude","tag-wti-light-crude"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Brent oil on tear with Iran sanctions, Europe winters - Commodities - Futures Magazine - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brent oil on tear with Iran sanctions, Europe winters - Commodities - Futures Magazine - the patient investor\" \/>\n<meta property=\"og:description\" content=\"PHIL FLYNN: The Brent crude versus WTI spread has blown out to the highest levels since last October surging over $20 on a combination of gluts, cuts and nuts. As U.S. refiners go into hibernation against a backdrop of weak demand, supply in the U.S. continues to rise. 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Brent is close to the 61.8% Fibonacci retracement level and a fall below $110\/barrel would test primary support at $100. Reversal of 63-day Twiggs Momentum below\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12065,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/15\/will-iran-deal-nuke-crude\/","url_meta":{"origin":3440,"position":1},"title":"Will Iran deal nuke crude?","author":"ColinTwiggs","date":"July 15, 2015","format":false,"excerpt":"The nuclear deal with Iran is likely to increase supply of crude oil, especially in European markets, driving down prices. Brent crude August 2015 contract (CBQ15 above) is testing support at $56 per barrel. Narrow consolidation suggests continuation of the down-trend. Breach of $56 would signal a test of primary\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Brent Crude August 2015 Futures","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-15-cbq15.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-15-cbq15.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-15-cbq15.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":1955,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/17\/heres-the-real-reason-the-price-of-crude-oil-is-so-strong\/","url_meta":{"origin":3440,"position":2},"title":"Here&#8217;s The Real Reason The Price Of Crude Oil Is So Strong","author":"ColinTwiggs","date":"November 17, 2011","format":false,"excerpt":"This month\u2019s decoupling of oil from other risk assets, could be foretelling skittishness over recent events in Iran and Syria (where a growing chorus is calling for action against Assad\u2019s brutality), and even over today\u2019s report from the AFP that thousands of Kuwaitis stormed parliament after demanding the prime minister\u2019s\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":312,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/18\/crude-divergence-widens\/","url_meta":{"origin":3440,"position":3},"title":"Crude divergence widens","author":"ColinTwiggs","date":"August 18, 2011","format":false,"excerpt":"The divergence between Brent crude and WTI Light crude has widened to more than $20\/barrel. WTI is clearly in a primary down-trend, but there is stubborn support for Brent at $104\/105 per barrel. Resolution of the conflict in Libya and Nigerian supply fears would see Brent prices soften to within\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":925,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/22\/brent-nymex-wti-crude\/","url_meta":{"origin":3440,"position":4},"title":"Brent Nymex WTI Crude","author":"ColinTwiggs","date":"September 22, 2011","format":false,"excerpt":"Brent crude respected its declining trendline and is likely to re-test support at $104. Failure would warn of a correction to the long-term, rising trendline at 95*. * Target calculation: 105 - ( 115 - 105 ) = 95","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63795,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/06\/australia-braces-for-oil-shortages\/","url_meta":{"origin":3440,"position":5},"title":"Australia Braces for Oil Shortages","author":"Colin Twiggs","date":"March 6, 2026","format":false,"excerpt":"Key Points Australia has roughly one month of emergency reserves of petrol, diesel, and gasoline. Iranian attacks will likely lead to supply shortages and steep price hikes in food, commodities, and air travel. Brent crude futures (May '26) are testing resistance at $85 per barrel. A breakout will likely offer\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-05-brent.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-05-brent.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-05-brent.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=3440"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3440\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=3440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=3440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=3440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}