Crude Realities

Crude Realities: Politics remain center-stage in the Crude Oil futures market, as tensions over Iran's nuclear ambitions have forced traders to build a "risk premium" into prices. Some of that "premium" was removed yesterday morning, on word that Iran's President Mahmoud Ahmadinejad sent President Bush a letter proposing "new solutions" to the ongoing conflict. The initial reaction was a significant sell-off in the energy complex, with lead-month June Crude Oil falling to a 4-week low. Read More....