Replies to post #6297 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[ottoman]

he's being a cheeky monkey (or is it a silly goose?). I think oil fell on rumors of weekend IRAN deal, (or at least very soon deal).



President Obama seems desperate for a "legacy" deal with IRAN.

Even if there is news of nuke deal, if sanctions will not be lifted immediately, there could actually be a rise in crude prices.

depends on details of sanctions....will they be lifted immediately? (as IRAN wants?) or only after some longer time period of inspections/verification? (as U.S. wants)