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Commodities markets ask: What turmoil?

Posted on 21 March 2011

Allied air strikes against Libya, one of the world’s major oil producers, provide a powerful headline that could help dominate commodities prices in coming days. But, for forecasters trying to weigh the potential impact, it is worth noting where historic events in the past week drove some key markets: Nowhere.
Within a week, the triple blow of an earthquake, a tsunami and a nuclear crisis in Japan threatened the world’s third largest economy, while Saudi Arabia’s decision to send troops into Bahrain raised the stakes for ongoing Middle East unrest……………………………………….Full Article: Source


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VRS - who has written 38982 posts on Opalesque Commodities Briefing.


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