Oil's Yo-Yo

Earlier in the week, the price of oil eased, and there were reports of slight declines at the pump. That went away today, as oil added $2.80. This yo-yo effect appears to be driven by the latest news, not any substantive changes in demand. Today it was revealed that Israel is rattling its sabers at Iran. The news sent the price up. The oil yo-yo combined with the cloud still overshadowing financials to cause investors to bail. All indexes dropped around 2%. DJIA -220.40 NASDAQ -55.97 S&P 500 -24.90