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Commodities Briefing - Categorized | Market Moves, Oil more

Oil sees optimism in global economy, waits on inventory confirmation

Posted on 18 October 2012

A sprinkle of optimism coming from Europe coupled with some early corporate earnings reports that came in better than expected was enough to send the equity markets into a decent one day rally that spread to the oil sector and other key commodity sectors.
Comments out of Germany suggesting that they may ease their objection or resistance to a Spanish bailout sent a message to the market that the EU Ministers meeting on Thursday and Friday could now make progress in taking another step in solving the EU sovereign debt issues………………………………………..Full Article: Source


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VRS - who has written 38561 posts on Opalesque Commodities Briefing.


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