Oil caught a bid with trading winding down for the week. The small pop to $108.30 from $170.70 is likely a reflection of nervous traders who don’t want to be short going into the weekend.
In my opinion, the US is trying to find a way to bomb Syria and there is a good chance they could walk away from negotiations or that we will see some sort of impasse on the weekend. That could mean a gap higher in oil and a move down in risk assets when markets re-open.
