Whether driven by real supply-demand issues, concerns over terrorism (sparked by the Sochi plane debacle), or hopes a renewed un-tapered QE on the basis of 2 piss-poor jobs reports in a row is unclear. What is clear is that WTI crude is having its best day in over 2 months – now at its highest in 2014, back above $100 a barrel and its most expensive in history for this time of year.
2014 highs, biggest jump in 2 months, back over $100 per barrel
and the most expensive barrel of oil for this time of year in history…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1fFhB6n Tyler Durden