Just a minute for energies review for this week! This minute will be worthy for your trading week.
The Energies Review
For the week of February 28th, 2011
The energy sector had a very bumpy ride as tension in Libya mounted a full on rally to help blast crude above $100 in the earlier part of the week to above $103. The market has since seen a pullback to $95 with another rally to start the week to $99.90. WTI spreads have rallied on the back of this news with Z11//Z12 at one point above $4.00. Look for a buying opportunity in flatprice around $95 again as prices are likely to be very volatile until the tension ceases.
The Energies Review for The Week: Feb, 28th, 11
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