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Commodities Briefing - Categorized | Oil, People, Price Watch more

Vitol’s Taylor says $100 oil price is nothing special

Posted on 23 April 2013

Crude can move either side of $100 a barrel with neither direction currently dominating, aside from a longer term bias for gradual gains, said the head of Vitol Group, the world’s largest privately held oil trader.
Brent crude futures sank below $100 on April 16 for the first time since July and have oscillated either side of that level in the days since, trading at $100.53 at 12:58 p.m. London time today on the ICE Futures Europe exchange………………………………………..Full Article: Source


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