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

Is crude oil tipping its hand?

During the overnight Asian session crude oil began to lose its footing and accelerated its slide during the early morning U.S. session heading into the weekend. Crude oil continues to fall more than 2.75% as of this story despite better than expected Initial Jobless Claims report.

Analysis Energy Oil Trade Ideas