Oil-Stock Rally Is an Opportunity to Sell
New tensions in the Middle East have buoyed crude prices for the moment, but I don't believe that the latest Israeli/Palestinian dust-up will continue for long, and crude prices will continue their drop into the high $70s. This rally is an opportunity to sell oil stocks that you might want to take profits on going into 2013.
Another round in the endless struggle between the Israelis and Palestinians began with increased missile launches coming from the Gaza strip and Israel retaliating with targeted assassinations and air strikes of military installations. While avoiding the obvious human tragedy associated with new military action from both sides, what has been most telling is the strong increase in coverage from the media, both in the U.S. and Europe. It's not as if these incursions haven't happened before and with much more intense confrontation and destruction. It's sad but true that many who cover the Middle East are now accepting that these violent outbursts are a recurring fact of life, and this is, at least so far, a relatively small one....328 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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