Pretty much why oil is up today. Some of the dip around EOY 2018 was due to sanction waivers being broader and lasting longer than anticipated. I don't know that zero is a realistic target since there's a good chance at least China and India will push back against these sanctions but it's ultimately some supply coming off the market.
Submitted April 22, 2019 at 10:39AM by ObservationalHumor http://bit.ly/2VpuPDf
