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Commodities Briefing - Categorized | Energy, Market Moves more

Energy markets being driven by fear

Posted on 27 August 2012

Crude oil demand in the United States is down to its lowest level since the onset of the global economic recession. A lackluster economic recovery, coupled with cautious consumer sentiment, is keeping demand for petroleum products suppressed. Nevertheless, lingering concerns over geopolitical tensions with Iran has prompted some governments to raise the possibility of releasing strategic petroleum reserves.
Fundamentally, it seems, markets are well supplied, though it may be emotional factors driving certain aspects of the energy market………………………………………..Full Article: Source


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VRS - who has written 36658 posts on Opalesque Commodities Briefing.


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