The Joys of 24-hour Trading

Oil traders who left for the day after the 1:30 PM trading pit close missed out on a sudden $5+ rally in May Crude Oil just before 4:00 PM central time yesterday, as rumors flew of an attack on a US ship in the Persian Gulf. The attack was denied by US officials, but the damage was done and the Crude Oil market is now starting to build a "risk premium" into prices. Read More....