Oil Prices Spike on Middle East Tensions and Fears of Israel-Iran Conflict
- Oil prices are rallying due to Middle East tensions
- Rapidan Energy President Bob McNally says Iran is the "real bullish oil market risk"
- Traders had "shrugged off" Middle East risks since November
- Markets now pricing in potential "big one" direct Israel-Iran conflict
- Oil over $90 could worry Fed about inflation spiking from high gas prices