Aaron Katsman
IsraelNewsletter.com

With crude oil prices surging past $138 a barrel on Friday, two reason were thrown around for the spike in price. One was the unexpected rise in the unemployment rate to 5.5%. This seems pretty silly to me, because if there are more people unemployed, then the economy is slowing and the demand for crude oil drops. The second reason was a bit more interesting. Rumors of an Israeli military attack on Iran’s nuclear program, caused worry among oil traders that this will lead to a major mid-east conflict that will seriously disrupt the oil supply. (Continue »)

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