More From This Weekned

Last week a positive divergence was apparent in oil, it seems nothing moves oil like tension in Israel so that's something to watch for this week as tensions are rising rapidly with Egyptian police firing tear gas and killing at least one protester as they tried to storm the Israeli embassy in Cairo. What really heightened tensions though was a group of Syrians and Palestinians that may have numbered in the thousands climbing the security fences which partition off the Golan Heights from Syria. Israeli security forces opened fire with tear gas and live ammo. There were other protests across occupied territories as well.

I just read a good piece from Stratfor this weekend about what it would take to attack Israel and I did a bunch of research about the 6 day war. Whenever there's internal tension within a country like Egypt or Syria right now, there is often a move to create a nationalistic fervor to deflect tensions. Israel would certainly be a target for those seeking to externalize internal  unrest. In any case, fundamentally speaking, oil should see some upside this week.