Crude just spiked $2 to over $101 as FED, ECB, BOJ, BOE, SNB, BANK OF CANADA LOWER SWAP RATES - BBG ECB, FED other major central bank to lower the pricing of existing USD liquidity swaps by 50BPS once again, banks get saved as consumers get the shank!
http://www.bloomberg.com/news/2011-...anks-lower-interest-rate-on-dollar-swaps.html Why would this cause an oil spike? lower dollar?
Any bailout causes a drop in the dollar and a surge in risk. Probably trying to goose a santa claus rally for the wall street bonuses!