The Energy Report - Is the rebound in oil a good thing?

By International Business Times,  November 06, 2012, 08:25:34 AM EDT

Well if you consider that perhaps it is a sign that things on the East Coast may have a chance at some sense of normal, that would be a good thing. Yet the truth is that it may be too soon for the market to be reacting to the rebound in demand. The late day spike seemed to start in Brent Crude and could be a sign of the market growing unease with the violence on the Saudi Yemen border. Brent crude spiked late in the session on a report that two Saudi border guards were killed in a terror attack on the Yemen border. The tensions seem to rise even more when Saudi Arabia abruptly changed its interior minister. 

Read More on International Business Times




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, Commodities

Referenced Stocks:



Latest News Video

Translogic#119_517599791.Mp4
Translogic#119_517599791.Mp4        
Cuba Reopens Sugar Mills
Cuba Reopens Sugar Mills            
South Korea Helicopter on Show
South Korea Helicopter on Show      
In The Wake Of Devastation
In The Wake Of Devastation          


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.44 0.07  0.52%
F $ 14.95 0.10  0.66%
CLWR $ 3.40 0.14  4.29%
SIRI $ 3.515 0.02  0.43%
MSFT $ 34.85 0.23  0.66%
CSCO $ 24.01 0.07  0.27%
MRK $ 47.33 2.12  4.69%
PFE $ 28.78 0.08  0.28%