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Commodities Briefing - Categorized | Oil, Trends more

Egypt risk premium built-in, limiting oil’s gain

Posted on 20 August 2013

Benchmark global oil markets may already fully reflect the risk of political instability worsening in Egypt and the spill-over effects on the broader region, implying further oil price gains may be limited in scope this week, traders and analysts told CNBC.
Oil prices are still likely to drift higher this week, CNBC’s weekly sentiment survey showed, though fundamental investors may try to blunt the advance believing current prices don’t reflect well-supplied markets and a slowdown in major emerging market consumers such as China………………………………………..Full Article: Source


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