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Oil Markets Shrug Off Iranian Attack on U.S. Drone

Fox News -- An unarmed, unmanned U.S. drone flying in international airspace was fired on by Iran last week, Pentagon officials confirmed on Thursday, highlighting mounting tensions between the two countries. The move's ultimate impact on oil prices will depend on several factors, analysts said.
“When geopolitical tensions increase prices tend to rebound due to the simple fact that there is close to no spare capacity,” said Olivier Jakob, founder and managing director of Swiss-based Petromatrix.
Oil traders aren’t forecasting much of a bullish rally from the attack, though, saying tightening sanctions on the oil producer that halved the country’s oil exports this year have already been priced into the market, easing supply-side pressures on the West.
Oil traded slightly higher on Thursday, settling u


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Submitted Nov 09, 2012 By: mastermariner
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Markets Shrug Off Iranian Attack on U.S. Drone Back to Topics
REPLIES (newest first) Post a Reply
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Nov 10, 2012 11:37:25 PM

as well they should
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sydb7
Champion Author Atlanta

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Message Posted: Nov 9, 2012 1:40:36 PM

Are speculators waiting for their next opportunity to raise prices?
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Jebeahm
Champion Author Maryland

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Message Posted: Nov 9, 2012 9:58:28 AM

Bla Bla fuel for big oil propaganda
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CocoPaz
Champion Author Santa Barbara

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Message Posted: Nov 9, 2012 9:34:20 AM

The Bible teaches us that Armageddon will start in the Middle East.

We are praying for those of you on the East Coast.
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dlgrote
Rookie Author Stockton

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Message Posted: Nov 9, 2012 9:05:55 AM

friggen oil mkts !!
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johton
Champion Author Seattle

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Message Posted: Nov 9, 2012 8:54:05 AM

Yes, they didn't hit it, and we didn't respond! We probably never will.
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sharpspur
Sophomore Author Jacksonville

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Message Posted: Nov 9, 2012 8:53:04 AM

The media needs to quit reporting problems in the mid-east because it gives the big oil barons a reason to raise fuel prices immediately.
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geezrtek
Champion Author Michigan

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Message Posted: Nov 9, 2012 8:34:58 AM

Yeah, but they didn't hit it.
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mfgendron
Champion Author New York

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Message Posted: Nov 9, 2012 8:30:47 AM

What do you expect from faux Fox. Thanks to the coolness of our re-elected Prez....when it gets tough..the tough will get going.
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amoshins
Champion Author Trenton

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Message Posted: Nov 9, 2012 8:26:56 AM

Good they should have shrugged off this event
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md11capt
Champion Author Denver

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Message Posted: Nov 9, 2012 8:18:40 AM

The drones have been very effective in their job.
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ModelWarships
Champion Author Missouri

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Message Posted: Nov 9, 2012 7:42:57 AM

still waiting for the seasonal drop to continue.
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Gas_Eyes
Champion Author Dallas

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Message Posted: Nov 9, 2012 7:41:37 AM

Why is there no response from our government.
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rwe930
Veteran Author Alabama

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Message Posted: Nov 9, 2012 7:40:54 AM

good
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tutaw
Champion Author Kentucky

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Message Posted: Nov 9, 2012 7:36:56 AM

ok
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Tutootin
Champion Author Toronto

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Message Posted: Nov 9, 2012 7:32:40 AM

"due to the simple fact that there is close to no spare capacity"...I really don't understand that!
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Ronk50MO
Champion Author St. Louis

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Message Posted: Nov 9, 2012 7:27:13 AM

send a couple of planes up after them and see if they do it again
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Sethyl
Champion Author Miami

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Message Posted: Nov 9, 2012 7:24:20 AM

good. it has nothing to do with oil, just a rogue country testing their limits like a child
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TxPDawg
Champion Author Austin

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Message Posted: Nov 9, 2012 7:23:11 AM

Well, what can i say
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Lologogo
Champion Author Twin Cities

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Message Posted: Nov 9, 2012 7:23:10 AM

all you crazy people who want us to go to war with Iran can go suck an egg. Like we got money for Another War, just hanging out there. Ok, lets take it from education, so we end up being just like them, a bunch of war hungry, uneducated morons, fighting every battle we can. The sanctions will work, and they didn't do any harm to our Un-Armed drone.
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BurntOrange
Champion Author Austin

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Message Posted: Nov 9, 2012 7:19:34 AM

Pakistanis shoot at them every day.
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bmsgolf
Champion Author Amarillo

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Message Posted: Nov 9, 2012 7:19:10 AM

Why don't we just wipe them off the face of the earth and fix this once and for all!!!
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madison8359
Champion Author Cleveland

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Message Posted: Nov 9, 2012 7:17:41 AM

OK it's time to make Iran a parking lot.
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gamalerin
Champion Author Tampa

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Message Posted: Nov 9, 2012 7:17:17 AM

We have to stop them.
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Zeke33
Champion Author New Hampshire

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Message Posted: Nov 9, 2012 7:15:39 AM

Nothing will be done. Obummer wouldn't want to "upset" his fellow muslims.
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Sam195
Champion Author San Bernardino

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Message Posted: Nov 9, 2012 7:15:23 AM

Romney would have bombed Tehran. Obama will just tell them to stop.
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saunta
Veteran Author Salt Lake City

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Message Posted: Nov 9, 2012 7:14:49 AM

Gave fox news something to complain about anyways...
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homespesial
All-Star Author Seattle

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Message Posted: Nov 9, 2012 7:13:32 AM

hunting for free oil
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firechief
Champion Author New York

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Message Posted: Nov 9, 2012 7:13:07 AM

nothing was hit no more of a threat than saying I will bomb you
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Lairre
Champion Author Sacramento

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Message Posted: Nov 9, 2012 7:12:58 AM

Sanction the crap out of the Iranians
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pbalmeo
Champion Author Los Angeles

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Message Posted: Nov 9, 2012 7:12:25 AM

That is not a good sign. The Sanctions are not fully effective.
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dgarz01
Champion Author Illinois

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Message Posted: Nov 9, 2012 7:10:48 AM

Ok
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minnesotagirl
Champion Author Milwaukee

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Message Posted: Nov 9, 2012 7:10:42 AM

More saber rattling
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pricechecker08
Champion Author Ohio

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Message Posted: Nov 9, 2012 7:10:36 AM

Heard we had plenty of oil without using all this foreign oil/
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JCS
Champion Author Twin Cities

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Message Posted: Nov 9, 2012 7:10:34 AM

nuke them
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Jorgie
Champion Author Twin Cities

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Message Posted: Nov 9, 2012 7:10:12 AM

Iran has really great pilots, they couldn't even shoot down an unarmed drone.:>)
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blazerbob91
Champion Author Milwaukee

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Message Posted: Nov 9, 2012 7:09:53 AM

Trigger happy
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ifallsguy
Champion Author Arizona

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Message Posted: Nov 9, 2012 7:08:59 AM

is it an act of war to attack a remote controlled aircraft? Anyone have an idea what international law is on this?
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fightbigoil71
Champion Author Milwaukee

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Message Posted: Nov 9, 2012 7:08:21 AM

Loose cannon in the Middle East
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dgracing318
Champion Author Georgia

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Message Posted: Nov 9, 2012 7:07:54 AM

Nuke them back to the stone age

[Edited by: dgracing318 at 11/9/2012 10:08:36 AM EST]
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redbeard47229
Champion Author Indiana

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Message Posted: Nov 9, 2012 7:06:27 AM

we need to start using armed drones to defend themselves
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Somis1
Champion Author Ventura

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Message Posted: Nov 9, 2012 7:06:25 AM

Just Iranians being Iranians. No harm, no foul.
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Black Wagon
Champion Author Illinois

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Message Posted: Nov 9, 2012 7:06:04 AM

This news was supprested until after the elecion.
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Taurus1
Champion Author Ohio

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Message Posted: Nov 9, 2012 7:05:39 AM

Now this will impact price.
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jay93LA
Champion Author New Orleans

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Message Posted: Nov 9, 2012 7:04:46 AM

not an excuse for war
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DarthDadJr
Champion Author Virginia

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Message Posted: Nov 9, 2012 7:04:35 AM

Iranians are trying to drive up tension in the region and the price of oil by this act.
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buzzieNY
Champion Author Buffalo

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Message Posted: Nov 9, 2012 7:03:40 AM

They need strong sanctions. Let them drink their oil.
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mreiff
Champion Author Louisville

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Message Posted: Nov 9, 2012 7:03:13 AM

Thankfully!
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TuanCanCook
Champion Author Los Angeles

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Message Posted: Nov 9, 2012 7:03:12 AM

True SpankyMI
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SpankyMI
Champion Author Kalamazoo

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Message Posted: Nov 9, 2012 7:02:32 AM

Only because they did not shoot it down!
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