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Commodities Briefing - Categorized | Oil, Price Watch more

A world awash in oil—and higher prices

Posted on 10 March 2011

From Cnbc.com: It’s no surprise that the normal supply and demand economics in the oil markets have been replaced with fear and speculation. And today, two major players went on the offensive.
Algeria’s Oil Minister and the CEO of the world’s biggest oil company by market value, ExxonMobil both appeared on CNBC with the same message: There is no physical shortage of oil in the markets today……………………………………….Full Article: Source


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