In the aftermath of the biggest point drop opening in the history of the stock market open, crude oil today is battling back. As European and U.S. stock markets even as china and Japan markets fall the crude market is trying to make a run higher and get out of the $30 per barrel handle danger zone.
Oil rises as Ramadi falls as this markets price action continues to defy the calls for an oil price crash. ISIS forced Iraqi security forces to flee the largest province in Iraq despite help from U.S. air support.
U.S. stocks rose, after the Standard & Poor’s 500 Index had its best day in five months, amid optimism that tension between Russia and Ukraine will ease and American airstrikes will push back militants in Iraq.