Crude oil’s stealthy upwards climb

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Crude oil is quietly climbing higher: it was $85 mid-December and is now almost $97.

[caption id="attachment_72378" align="alignright" width="300" caption="Jeddah seaport, Saudi Arabia"] Image courtesy Ammar Shaker: http://en.wikipedia.org/wiki/User:Ammar_shaker [/caption]

Although we care about BRENT ( BNO , quote ), which is the "world's blend", it's really all about the Middle East.

Tensions continue to escalate with speculation about Syrian regime leader Bashar al-Assad's chemical weapons slipping into terrorist hands.

Note the move in Russia. The Market Vectors Russia Index ETF ( RSX , quote ) has broken through key resistance that was the top in September.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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