Crude Oil Price Spikes Today

Light sweet crude spot price punched through the psychologically important $40/bbl level today to $41.20/bbl, up $1.66/bb.

I mention this here because tightness in the oil market implies a more favorable (from the terrorist point of view) ratio of cost-to-payoff for attacks on oil infrastructure.

I have a feeling that the people who mastermind these attacks are not stupid and are very conscious of such considerations.

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