Crude Oil Price Flops; Trump May Ease on Iran After Bolton Fallout

Crude Oil - Talking Points

• Crude Oil Futures are dropping in the morning trading session as fallout from Boltons exit from the White House reveal fundamental disagreements between the President and the now former National Security Advisor John Bolton

• Crude Oil Futures are pushing near the $56 dollars per barrel mark as the news hits markets

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Crude Oil Futures (5-Min)

People familiar with the matter report that Bolton, a well-known Iran hawk was strongly opposed to that approach on Iran and voiced his displeasure to President Trump. Although, it is unknown if Iran would agree to such a meeting, the United States has been preparing for the meeting to potentially take place at the United Nations General Assembly later this month. Bolton‘s departure from the White House could be seen as improving the odds of such a meeting taking place which traders have evidently viewed as a potential tailwind for crude oil supply – thus dinging the commodity’s price.