Brent crude has broken above the previous hourly resistance to a high of 102.84 amid a 101.35-102.84 range while WTI crude has popped up to highs of 92.49 amid a range so far of 91.12-92.49. Worth remembering that the 21-DMA comes in at 92.32 for WTI.
There some thought that the spike may be in response to stories that Syria may have used chemical weapons on a small scale, according to US Secretary of Defense Chuck Hagel.
