04.09.2013 - Syria strike could send oil prices tumbling, (yes tumbling)
Believe it or not, a Syria strike could send oil prices tumbling -- yes tumbling. That may seem counter-intuitive, but that's exactly what Cramer is hearing from Carley Garner, the co-founder of DeCarley Trading and author of A Trader's First Book on Commodities. She tells Cramer that historical patterns would suggest a strike should generate some watershed selling. Looking back two years, when the US went into Libya, the price of oil domestically dropped by 10% almost immediately. And after America invaded Iraq a decade ago, oil futures tumbled 15%...............................................Full Article: Source
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