Oil prices plunge after report that Trump will not withdraw from Iran nuclear deal

[Yonnie3]

I don't know it this is true. I don't see a source cited for this report.

ETA: so far all the "news" I can find predicts withdrawal.

Oil prices plunge after report that Trump will not withdraw from Iran nuclear deal

Oil prices fell ahead of President Donald Trump's decision on whether to withdraw the United States from the Iran nuclear deal.
Trump is expected to announce that he will no longer suspend sanctions aimed at Iran's oil exports, a move that equates to a U.S. exit from the nuclear deal.
Some traders say Trump will leave his administration wiggle room to continue negotiating a revised nuclear deal with European allies.

https://www.cnbc.com/2018/05/08/oil-prices-fall-as-the-market-awaits-trumps-iran-nuclear-deal-decision.html

[Hoyt]

1. Hope it's true. Doesn't change how I feel about trump, but glad for a little reason on this.

[Zoonart]

2. Market manipulation!

I'll bet the WH leaked this to drive prices down and their buddies can clean up buying on the cheap, then tRump kills the deal and the price goes through the roof.

It would not be the first time they pulled this shit.

[Hoyt]

3. Well, we will know today. Let's see what the buffoon does.

[Yonnie3]

4. Seeing a few stories that say no matter what he does it won't have much effect on oil prices.

They give this as a reason for the prices.

I'll just wait until 2. I suspect that whatever he says will a) be unclear or b) leave enough wiggle room to drive an oil tanker through.


OOPS! I forgot c) all of the above.

[elleng]

5. Trump Tells Macron the U.S. Will Withdraw From Iran Nuclear Deal.

https://www.nytimes.com/2018/05/08/world/middleeast/trump-iran-nuclear-deal.html?

but the guy is so full of 'it' it's impossible to believe ANYTHING he says to ANYONE!

[Yonnie3]

6. and CNBC now says at the same link

Oil pares losses after NYT report that Trump told Macron US will leave Iran nuclear deal

[elleng]

7. And the markets now:

S.& P. 500–0.07%

DOW–0.02%

NASDAQ–0.08%