The Keyser Soze bid is back... panic buying crude futures to run stops above yesterday's high before being gone... just like that...
Heavy volume in the sudden burst of bids...
[3]
No obvious catalsyst justified this move though some have commented that Libya news increased uncertainty:
- *LIBYA OIL GUARD SAYS ZUEITINA PORT EXPORTS HALTED INDEFINITELY
- *LIBYA GUARD: TANKERS MUST REGISTER WITH EAST GOVT FOR LOADINGS
Charts: Bloomberg
