Cease-Fire?

On November 21, 2012 by TradingDesk

A cease-fire in Gaza was widely reported Tuesday morning, sending energy prices plummeting. As it turns out, there was no such agreement, and energy prices are right back where they were before the announcement, pushing towards their highest levels in a month. While the European drama continues to play out, it seems like the futures market is content to simply watch for the next move from the Middle East. I suppose we can be thankful that the only thing this latest war is affecting, for most of us, is the price of gas.

CLICK HERE for a PDF of today’s chart

 

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