Oil Spikes After Headlines About New Mideast Terror Arrests

West Texas Intermediate crude oil futures just made a big move higher, right at 9 AM. It’s now trading up 2.6 per cent on the day:

Oil surge December 26

[credit provider=”Thinkorswim”]

News just broke of a foiled terrorist plot in the Middle East:

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It’s unclear whether the two are related, but the timing lines up.