INSANE VOLATILITY IN OIL. WTI crashed 3% in 90 minutes on positive Iran-Pakistan mediation signals. Then reversed all gains after Iran rejected a temporary ceasefire and Kharg Island was attacked. Four outcomes from here. 1. Trump drops a "talks are ongoing" statement right before US markets open. Oil stabilizes. Futures hold. Markets open calm. This has happened every single week for five weeks without fail. 2. If that does not happen and the deadline holds, Trump extends it for the sixth time. Same outcome. 3. If somehow a real deal gets done, every fund that bought oil as a war hedge unwinds at the same time. The sell off in oil will be faster and deeper. 4. And If No deal and no extension. War continues. Oil gaps up at open. Equities sell off. Infrastructure strikes resume and the energy market reprices again.(Crypto Rover)