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Re: Dec Crude/Crawling up to Resistance

Might get some volatility next week.

The Palestinian President confirmed that he will seek membership of a Palestinian state at the U.N. Security Council next week. I believe Obama is to speak to the U.N. on Wednesday. Read an article in the paper this morning and a snippet from it said, "The U.S. has pledget to veto the statehood bid, and the Obama administration has senior diplomats in the region making a last ditch effort to persuade the Palestinians to drop the measure." Also that this would serve as another blow to Washington''s credibility in the Arab world.

Well its been in the news, so it may already be baked into the price unless we get some big demonstrations in the Middle East or some sparks fly.