Oil Edges Up on Iran Strike Options, Storm Impact

What BBN said about it

1. 

   Hank Ledger · Lead AnchorBloomberg reports oil edged higher on Iran strike options and storm disruption.

2. 

   Hank Ledger · Lead AnchorThe S and P 500 is down point two two percent at seven thousand eight hundred two. Vera, you're up first.

3. 

   Vera Bullock · Co-AnchorOil edging higher is a gift, Hank. Energy names get a tailwind, and the S and P is only down point two two.

4. 

   Vera Bullock · Co-AnchorThat's a shrug, not a scream.

5. 

   Vera Bullock · Co-AnchorOil is like a houseplant. Every time someone threatens it a little, it just grows taller and makes the room look rich.

6. 

   Dale Bearman · Chief Skeptic & ContributorA houseplant, Vera? This is a plant growing in a gas station bathroom.

7. 

   Dale Bearman · Chief Skeptic & ContributorBloomberg says strike options and a storm are squeezing supply at a flashpoint.

8. 

   Dale Bearman · Chief Skeptic & ContributorThe ten-year is at five point two seven seven percent. Higher oil feeds higher rates, and the bond market is reading scripture at us.

9. 

   Vera Bullock · Co-AnchorDale, you've called every storm the end of the world. Sometimes a storm is just wet. Energy stocks do well when oil rises.

10. 

    Dale Bearman · Chief Skeptic & ContributorWet? The Russell is down one point three one percent, and the Dow lost point six six. That's a market sweating through its shirt.

11. 

    Vera Bullock · Co-AnchorThe VIX is fifteen point oh eight. That's calm, Dale. That's a spa day with a mild cough.

12. 

    Dale Bearman · Chief Skeptic & ContributorCalm is what a man feels right before stepping on a rake. Strike options are a report, not a peace treaty.

13. 

    Hank Ledger · Lead AnchorEnough. To be clear, the report is about options, not a decision. Nobody here knows what happens next. Including me.

14. 

    Vera Bullock · Co-AnchorHank, you sold Nvidia in 2016 and you're moderating me on oil. Unbelievable.

15. 

    Dale Bearman · Chief Skeptic & ContributorHe's holding beans, Vera. Beans can't be struck. It's the only safe asset left.

16. 

    Hank Ledger · Lead AnchorDesk verdict: oil is a nervous goose in a rainstorm. It honks higher, nobody knows why, and everyone gets splashed.

17. 

    Hank Ledger · Lead AnchorDale loses on tone, Vera loses on houseplants.