Friday, 11 October 2013 10:30

Misread Tweet, Spike In Oil Prices Follows

map syria country-mdgulfsands.com/s/Syria.aspThe tweet in question came from the Israeli Defense Forces:

Oct. 10 #YomKippur73: Israel Air Force bombards airports in Syria to prevent Soviet weapons reaching the Syrian Army http://t.co/tKnMzYjgFF — IDF (@IDFSpokesperson) October 10, 2013

At first glance, that might seem alarming. After all, Syria has been engaged in a bloody civil war for two and a half years, which has escalated tensions with Israel. And Russia has been a key supporter of Syria's Al-Assad regime. Bottom line: the possibility of a Syrian/Israeli war looms large.

 

That said, knee-jerk traders should've been tipped off by at least two things: (read the rest - Oil Traders Misread Tweet, Spike In Oil Prices Follows, by Richard Read) Oh, and read the tweet twice before acting on it...

 

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