Ah yes! Tis the season for our bottom in oil. Oil prices, as if almost on cue, rallied strong on Black Friday as shoppers were spending money, good data came out of China and good old fashion winter weather. Yet behind the rally we also had concerns that the power grab by the Egyptian President could add another layer of uncertainty as we move forward.
Protests grow in Egypt after President Mohamed Morsi decided to grant himself more power. Rival factions get ready to protest increasing worries that we could see an outbreak of violence. Of course the Egyptian President was the go between from Israel to Hamas in a truce that seems to be holding.
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