Once again West Texas Intermediate oil is trying to regain its historical stature as the world’s global benchmark. WTI is reasserted itself in the global market as U.S. exports soar as oil starts to move out of Cushing, Okla.
A better than expected Jobs report and Israel attacking Syria's military and weapons instillation has shocked oil out of it recent bearishness. Oil is on a tear and is bringing the products along with it.
Natural gas broke out above $4.00 in decisive fashion as the trade seemed to embrace the fact that Goldman Sachs has upped their natural gas forecast and catching up with the bottom that I called in January.