The Mid-East anchor dragging crude oil lower
When it starts to move lower it moves rather quickly.
Gaza, China, IEA. Brent crude is down 2.
1% today to $62/b after having traded as high as $66.
58/b last Thursday and above $70/b in late September.
The sell-off follows the truce/peace in Gaze, a flareup in US-China trade and yet another bearish oil outlook from the IEA.