So reckons a story from Oilprice.com
Security risks in the middle east are increasing with seven out of the twelve members having some form of upheaval.
No doubt the US will be sitting back quietly rubbing their hands as their shale revolution rolls on.
Brent today opened above the 200 H4ma at $104.50 and has stayed above since. The actions of Israel in Syria have kept tensions higher in oil, in general with WTI crude also up.
We’ve pushed back into the channel which has lent support in the quiet trading environment.
