The oil gods must be crazy. West Texas Intermediate was down, then, up; down and finally up as the weekends, with prices rising 8.00% for the week. The vast majority of that rise came today.

All eyes are on the yen, which has become far too strong for the good of Japan and perhaps for the world. It is not only the strengthening of the yen against the U.S.

Despite an impressive surge in oil of almost 5.00%, today saw only a mild risk-on sentiment in other markets.