WTI Surges To Day's Highs Following News Of Yemen Violence Re-escalation, DOE Report

Tyler Durden's picture

Just as the top calling momo crowd confirmed amongst each other that this time was the absolutely, positively high in WTI after the black gold dipped by $2 earlier, we got DOE reports confirming that far more oil was being used than expected, and also a totally unforeseeable announcement out of Yemen (where the president is leaving amicably remember, who can doubt that), that
five Yemeni anti-government protesters shot dead by plain-clothes gunmen, while dozens wounded in Sanaa, per Reuters. Surely this is merely a way for Saleh to celebrate the fact that he has only 28 days left in power. Oddly enough that is not how WTI took it, which shot up from $110 to $113 in seconds. And this is nothing compared to what is about to happen between 2:15 pm and 3:00 pm when various robots will know what Bernanke said, and more importantly meant, before he even said it.