[video] Quick Take: Syria Keeps Oil Trade Choppy
NEW YORK (TheStreet) -- As loose ends continue over Syria, the oil market is due for more uncertainty, Cindy Wexler, an Independent energy trader, tells TheStreet's Joe Deaux.
With President Obama's Tuesday night speech, a strike on Syria has been postponed, but that, Wexler said, only increases uncertainly and volatility in the oil market.
The only way the market will have a definitive move is if a decision is finally made, she added.
As if the uncertainty over tension in the Middle East weren't enough, the Federal Reserve's action on tapering quantitative easing also affects the oil market.Since the economic data have been mixed, investors have been left with the troubling task of determining the taper amount -- if the Fed does indeed taper. As Wexler concluded, uncertainty and volatility are the only things certain until these decisions are made. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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