Energy OverView August 7, 2012

Despite low summer volume and a dearth of data, September WTI continues its march higher. An early buying spurt on an errant Twitter that Syria’s Assad was either dead or wounded lit a fire of concern about who was actually in charge in the strife-torn country. Price action yesterday, favorable to most asset classes, followed the counter-intuitive patter of late, as a harbinger of impending stimulative monetary policy.