If you haven’t been keeping up oil spiked $10+ today and is looking to close above $138/barrel today. Kind of hard to miss this since I can’t find a news site that doesn’t have this on their front page as a headline.

So what are the supposed reasons for the spike?

1) ECB probably going to raise rates. (Lower dollar)
2) Unemployment rate spiked up. (Pressures Fed not to raise rates)
3) Israel minister says attack on Iran might be necessary. (P A N I C)

I remember how gas was $2.4x last August and I thought it was getting expensive.

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