Like a Fresh Prince of Bel-Air flashback from the early 1990s, Middle East violence and geopolitical fears shot back into commodity traders' lexicon Monday - with Oil spiking nearly 20% on news there was a coordinated drone attack against Saudi Arabia's oil infrastructure. The fantastical headlines by the likes of CNBC followed shortly after:
Brent crude oil spikes the most in history after Saudi attacks"
Cooler heads sort of prevailed by mid-day, but energy futures markets were still much higher.
Here's what managers and traders we're speaking with are thinking of the move:
- One, the