Commodities And Stocks Rally, Risk Appetite Returns To Pre-crisis Level?

Crude oil makes a new 8-month high and surges to as high as 73.38 in Asia morning as renewed geopolitical tensions in Nigeria and statement by some OPEC members spurred supply concerns. On Monday, the benchmark contract rose +3.4% to settle at 71.49. The nearly $4 hike from intraday low at 68.36 to intraday high 71.92 strong equity markets. While many of us had thought that the turmoil in Nigeria has subsided as more as more militant leaders surrendered, the MEND yesterday announced another