>Oil prices spiked this morning when Iranian President Mahmoud Ahmadinejad appeared on television, because of uncertainty over what he was going to announce. When he started awarding medals to the troops who had captured the Britons, traders assumed the worst.
>
>But by the end of Ahmadinejad's television appearance it was apparent that the soldiers were heading home, and the price of a barrel of oil started to retreat from recent highs, giving up more than $1 to drop to about $64.
>
>http://abcnews.go.com/Business/story?id=3007435&CMP=OTC-RSSFeeds0312

This is where the commodities market exhibits ultimate stupidity!!!!!!!

It is apparent to me that that market in particular looks for **ANY** reason to cause price hikes.
I'm sure the price would go up again if word got out that President Bush hadn't had a sh1t for two days running.