Energy OverView May 6, 2013

Crude oil prices rallied, again, on Friday, catching the wave of exuberance from the jobs data. The clarity of the BP pipeline outage in the Gulf of Mexico also got the bulls going. Prices jumped again last night, at the start of trading, on the geopolitical influences of the weekend’s news. Specifically, Israel struck at targets in Syria that were said to house Iranian-made missiles bound for Hezbollah.

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