mo4ch:>2019 will be a wild year for oil | Mo4ch News

Oil prices have bounced around in the week following the OPEC+ agreement, and the IEA says that the deal may have at least put a floor beneath prices. However, volatility is unlikely to go away.There are a litany of variables that will have enormous impact on oil as we head into 2019, on both the supply side and the demand side, both bullish and bearish for prices. The bullish factorsIran. The largest and most obvious risk to supply comes from Iran. The US waivers to eight countries buying Iranian oil will expire in May. With Brent crude above $80 per barrel as the November deadline approached, the Trump administration grew skittish and issued a series of waivers after spending most of the year blustering about how serious it was about taking Iranian oil to zero. It would seem unlikely that the Trump administration would want to repeat that scenario, and with a supply surplus suddenly exploding in the last two months, the US government has more leeway to take a harder line. Iran’s pro…