Oil Prices Test Resistance as Geopolitics Enter the Fray

Oil prices attempted to break out but were unable to push through resistance as oil bears continue to make the argument that global balances remain bloated.  The missile strike by the Administration on Syria gave prices an early boost. Exports from the United States continue to rise, taking share from OPEC which has reduced production per their cut agreement.  The U.S. recorded exports 31.2 million…