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Commodities Briefing - Categorized | Oil, Price Watch more

Oil at $150?

Posted on 30 August 2013

Oil could briefly spike to $150 per barrel or more if Syria’s supporters seek to punish the U.S. and its allies for a military strike against it. The potential for U.S. intervention in Syria has sent international bench mark Brent crude to a six-month high, and analysts expect prices to continue to head toward $120 a barrel and above—but the ceiling could be much higher if something happens to disrupt global oil supplies.
Societe Generale analysts laid out a case for Brent crude, the international benchmark, to spike temporarily to $150 per barrel………………………………………..Full Article: Source


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VRS - who has written 38109 posts on Opalesque Commodities Briefing.


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