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Syria strike could send oil prices tumbling, (yes tumbling)

Posted on 04 September 2013

Believe it or not, a Syria strike could send oil prices tumbling — yes tumbling. That may seem counter-intuitive, but that’s exactly what Cramer is hearing from Carley Garner, the co-founder of DeCarley Trading and author of A Trader’s First Book on Commodities.
She tells Cramer that historical patterns would suggest a strike should generate some watershed selling. Looking back two years, when the US went into Libya, the price of oil domestically dropped by 10% almost immediately. And after America invaded Iraq a decade ago, oil futures tumbled 15%………………………………………..Full Article: Source


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VRS - who has written 38515 posts on Opalesque Commodities Briefing.


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