Markets

The Energy Report - Deal or no Deal

The oil markets are rallying on the possibility of a deal regarding the fiscal cliff and the possibility of no deal between Israel and Hamas. You can try to pick which one is the big deal of the day or you can trade for the box where lovely Carol Merrill is standing or you can look at the chart and see that we may finally be putting in that bottom on crude. The bottom probably has more to do with the possibility that the US can come up with a deal to avoid going over the fiscal cliff than the possibility of a war that no one seems to really want but may not be avoided.

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


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

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