Daily Energy Hedger – February 22, 2012
Traders returned from the Presidents’ Day holiday weekend to discover that the Greek debt crisis had been resolved (yet again). It has been resolved a number of times since lateDaily Energy Hedger – February 21, 2012
Last Friday, renewed optimism over the future of Greece and the European debt crisis pushed crude oil prices to their highest levels in nine months. An imminent resolution of the Greek crisis has been the gift that keeps on giving – since July. Every other Friday, it has seemed, we have been on the brink of fixing this crisis. On the flip side of that, it has seemingly been every other Monday that we have returned to another near miss, another failure to resolve the problem once and for all. This last Friday was apparently the charm.

