A cease fire in Israel should be a stabilizing factor if anything allowing the multinational dealers to work with Saudi and Iran. The fall in oil I was looking for was short lived. My guess is it ranges until there is some new development in the Saudi/Iran struggle. 50% retrace of ground lost since Bin Ladens call for Sunni on Shiite violence?
good cover ... OIL higher late in day I guess on short covering which reminds me ... do not trade QM late in day on fridays with front month about to expire !