Crude Oil & Gas Prices

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Shell in Early Talks to Acquire Rival BP in Landmark $80 billion deal.

@WSJ reports talks are active, with BP “considering the approach carefully.” The industry has its doubts a deal will be done.  Acquiring BP would put Shell more on par with its larger US competitors Exxon Mobil XOM & Chevron CVX.

Bloomberg & CNBC have reported that a deal for the whole company is unlikely, but the sale in parts could be on the table.

Oil cooling off following Iran's capitulation

US Gas & Crude Oil Prices

After surging +20% in the past month, Oil cooled off following Iran's capitulation in the face of Israeli & US bombardments. Their pre-announced "retaliation" against the US base in Qatar was all the market needed to shed its gains.

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