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Commodities Briefing - Categorized | Market Moves, Oil, Price Watch more

Why oil has fallen dramatically since QE3 and why it could drop to $82

Posted on 04 October 2012

Oil markets seem to have defied logic in the second half of 2012. From late-June to mid-September, crude oil prices surged 28.9% despite an oversupplied market and cooling demand as the global economy slowed, supposedly on fears over a possible conflict between Israel and Iran.
Exactly as the Fed unleashed QE3, WTI peaked, and has since tumbled more than 12%, dropping 4.2% on Wednesday despite the pledge of unlimited liquidity from Bernanke, the ECB, and other major global central banks………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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