Oil

Arab Spring impact on Brent oil

OPEC deals in BRENT (BNO, quote) not WTI crude and this is the benchmark to watch if you think the Egypt situation is spiraling towards a Suez Canal shutdown.  Additional middle east tension, Syria, Turkey, Iran…these all play into the supply disruption trade that really hasn’t taken place yet, but getting closer to breakout levels. 

Analysis Commodities Oil Tim Seymour