Oil futures have opened for the new week - price drop as weekend risk passes

Oil has opened trade for the new week at a lower price. While oil has been rising for months it had another leg up going into the weekend on concerns over Iranian attacked on Israeli interests and how that might impact the commodity.

WIth the weekend over its come back down a little.

I posted over the weekend:

• Oil price has been heading higher all year, should we now be excited about a Golden Cross?

I guess the answer is 'Not yet' at least.