Oil slingshots more than $3 higher on Middle East angst ...Middle East

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Risk assets and commodities in general are doing well today so that's a portion of the $3 gain in crude today but it's certainly not the whole story. WTI crude oil is up 3.9% to $77.64 in its best day in six weeks.What's driving it?The Israel assassination of the Hamas political leader in Tehran along with a Hezbollah commander in Beirut is stoking fears about retaliation and an escalation. We've seen this theme play out many times in the past 10 months and the trade has always been to fade the oil rally, but maybe this time is different.There are conflicting reports but Maduro seems to have the support of the military in Venezuela. If he can hang onto power, expect the US to punish the coun

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