Oil Eases, Stock Futures Higher…

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I was just talking to Barry yesterday about how quickly oil could erase 5 to 10 bucks on news of Gaddafi fleeing the country, surrendering or eating a bullet.  Supposedly, he’s offering “talks” to the rebels.  Oil is pulling back and stock futures are indicating higher after a rough few days.

The rebels are already saying “no thanks” and “just GTFO” according to Reuters but stocks are probably due for some relief.

With copper down 3% yesterday (not a great sign for equities) and my unending skepticism about whether Libya can be pacified so easily, my inclination would usually be to fade bounces like this.  But we shall see.

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