The idea was that while US Oil is not directly affected by the tensions in the Middle East as
most of it is domestic consumption, what portion of it that is exported does not go through the
Suez Canal but rather across the Pacific to Asia mostly. The idea was expanded by no matter
that, the Middle East quagmire affects global oil prices all intertwined. The...
WOW, it finally hits and take us to completely new levels not seen in years. and look like a retest of that low from way back then.
As always just follow the reaction around the red zone, and see if the impulses can guild you and not react emotionally to this drop. pretend it did not happen and react to what the market brings.
