there was an attack by Israel. Usually, these oil spikes are temporary. Israel attacked Syria in a raid that is very hush-hush unlike the Lebanon strikes.
I realize that the media has had their own theories on why oil is up, but if the allegations made by a WSJ editorial "Osirak II" are true: that Israel bombed new Syrian nuclear facilities that were brought over from North Korea then this oil rally is in its late stage, once again.
The Fed announcement may verify the saying "buy the rumor, short the news."
I am not going to say short oil or related industries because they are in such strong uptrends, but there may be a few months of choppiness so profit taking may be in order.
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