Daenerys Targaryen's Guide to Oil Prices in the Middle East

The Dragons of the Oil Market

As the Mother of Dragons I couldn't help but notice the recent volatility in oil prices due to those pesky Middle East tensions. Last week oil prices soared like Drogon setting fire to the battlefield but this week they seem to be as flat as Viserion after facing the Night King. It seems even the mighty dragons can't keep up with these market fluctuations.

A Clash of Contracts

The West Texas Intermediate contract for March gained a mere 8 cents while the Brent contract for April saw a modest drop. These contracts are playing a game of thrones fighting for dominance over the oil market. Will the WTI contract bend the knee or will the Brent contract come out on top? Only time will tell.

Israel and Hamas: A Dance with Fire

Israel's rejection of Hamas' ceasefire proposal has ignited more than just political tensions. It sparked a flame in the oil market causing prices to surge. Prime Minister Benjamin Netanyahu's determination to press on with the Gaza offensive is reminiscent of my own battles for the Iron Throne. Sometimes you just have to unleash your dragons.

The Last Bastion of Rafah

Netanyahu's pledge to capture the remaining Hamas terrorist battalions in Rafah is a bold move indeed. It appears he is channeling his inner Khaleesi seeking to conquer the last bastion of resistance. When he says 'We're going to get them,' I can't help but be reminded of the time I declared 'I will take what is mine with fire and blood.' It seems we share a similar mindset.

A Trading Range as Narrow as The Narrow Sea

Despite all the chaos and political turmoil oil prices have struggled to break out of a measly $10 trading range. It's as if the markets are stuck in the Slaver's Bay unable to escape the confines of their own limits. But fear not for I shall bring my dragons and unleash them upon this stagnant range.

The Need for Extreme Scenarios

According to oil broker PVM for oil prices to experience a significant rally we need an extreme scenario. Something like a direct U.S. attack on Iran that would disrupt crude supplies. It seems that in the world of oil only fire and blood can truly make the markets tremble. Perhaps it's time to summon the Red Priestess Melisandre?