Joseph Allman

It doesn't look like there will be any disruption in the near term. Iran relies on the money the oil read more

It doesn't look like there will be any disruption in the near term. Iran relies on the money the oil brings in so they wouldn't be able to cut supplies for long.

I don't see a catalyst to move prices much higher in the short term. Iran's not likely to cut exports read more

I don't see a catalyst to move prices much higher in the short term. Iran's not likely to cut exports anytime soon. We've had very warm weather this winter and have built gasoline supplies despite refiners operating at reduced rates.

Oil is being propped up by all the concerns that supplies will be interrupted. As long as the market thinks read more

Oil is being propped up by all the concerns that supplies will be interrupted. As long as the market thinks it's possible, we might see some more increases.

Crude gained a lot last week and we are giving some of that back. The U.S. led a large attack read more

Crude gained a lot last week and we are giving some of that back. The U.S. led a large attack in Iraq last week, one that wasn't unprecedented, but the media got a hold of it and the market reacted.