There are many ways to trade the energy markets. Some traders go the straight buy/sell futures route, but when it’s volatile, the best option is looking at the OTC market and playing different grades of crude.
Syria remains in the forefront as the main risk asset market catalyst. They are reacting as normal when these types of events are imminent. The U.S. dollar is stronger vs. most currencies and oil prices are higher and holding onto to their gains.
Is it any wonder that even the IEA lowed its global oil demand forecast for 2012 and 2013 by 300,000 to 400,000 barrels a day? The IEA says 2013 oil demand growth at 0.8 million barrels a day down from 1 million barrels a day.