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Commodities Briefing - Categorized | Market Moves, Oil more

Volatile oil lifts Wall Street’s profits

Posted on 05 May 2011

The oil-market volatility unleashed by Middle East turmoil and Japan’s earthquake has been good news for commodity desks at Wall Street banks.

Banks’ first-quarter results, just released, showed commodities revenues improving even as some other trading results softened. Revenues could rise 50% from a bleak 2010 if current trends continue this year, bankers and analysts say……………………………………….Full Article: Source


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This post was written by:

VRS - who has written 38189 posts on Opalesque Commodities Briefing.


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