Crude is lower!
An attack on our embassy was foiled!
Nothing but bad news! But, on the bright side, some folks do have "jitters". Unfortunately, that's not having much of a negative effect on things (yet).
Just the mention of the Syria incident this morning had them pushing that button gleefully, never mind that it had nothing to do with oil.
However once word got out that it was nothing, they had no choice but to go back to watching that button.
I have said it before and I will say it again, Supply and Demand my rump. Speculators control oil prices not the consumer.
I have the distinct impression that the Islamists are shorting oil futures, and planning an event to spike the prices and cash out for more Russian, French, Chinese, and German arms purchases....any ideas?
I see crude nose dived today ... down about a 1.90 and gasoline futures also dropped a few more pennies as well.
$1.80 down is not a foot, but it is more than an inch.