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Commodities Briefing - Categorized | Oil, Price Watch more

Crude at $100 defies commodities sell-off

Posted on 03 July 2013

On the face of it, oil has defied gravity. Amid a deepening sell-off in commodities that has sent gold and industrial metals tumbling, crude has been impassive.
As a transport fuel, oil is closely linked to the ups-and-downs of the world economy. Yet, benchmark Brent has held steady above the $100 a barrel level even as metals have floundered amid concern at slowing Chinese growth and the prospect of reduced emergency support from the US Federal Reserve……………………………….Full Article: Source


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