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iran ships first oil since end of sanctions

http://seekingalpha.com/news/3107176-iran-ships-first-oil-europe-since-end-sanctions

so with this coming out this is bad for oil stocks right ?  I am just posting this to get your opinions as I do not want to be reading this news wrong.

Posted Feb 14, 16 8:05 AMbyCookingclowns
Categories  Oil
Tickers  UCO, OLEM, BNO, DNO, DWTI, SZO, USL, USO, DBO, UWTI, OLO, OIL, SCO
Views 192 / 1
Received 1 Karma
ironmiketyson86
ironmiketyson86 Feb 14, 16 10:07 AM

not good: "More supplies are bound to add to the global crude glut, with the Islamic Republic planning to boost production and exports by 1M bpd in 2016." Basically adding to the surplus and doesn't sound like they will be cutting back anytime soon... we will continue to see +/- swings in oil as the year goes on imho...

JLLOYD30
JLLOYD30 Feb 14, 16 1:44 PM

Swings will end by June. June is when OPEC meets. The news has just been feeding us BS. Until OPEC comes out and says something its all a LIE

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