As if predicted from **The Official OPEC Playbook** on How-to drive up Oil Prices. 100's of Saudi M1 Abrams Tanks (Provided by USA) enter Yemen.
Yemen borders and is south of Saudi Arabia and surrounded by the Arabian Sea, Gulf of Aden, and the Red Sea . Along with Saudi Arabia and Omen, Yemen is part of the heart of Islamic beginnings. It will likely lead to other resentments in the Middle East and possibly spur more conflicts in other areas.
Crude oil prices had traded below 40 and is has now spiked to $45.33 gaining 6.5%, a massive gain. The anticipated trend was lower but the conflict likely (without a doubt actually) drove the prices higher.
By Neal Vanderstelt
Forex Market Analyst
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