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:
News just broke of a foiled terrorist plot in the Middle East:
UAE arrests terrorist cell of Emirati and Saudi Arabian citizens preparing to carry out attacks, state news agency WAM says – @reuters
— Breaking News (@BreakingNews) December 26, 2012
It’s unclear whether the two are related, but the timing lines up.