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Syria crisis artificially hyped to keep global oil prices up - expert

Posted on 05 September 2013

Global equity markets are still shaking with the prospect of a possible attack on Syria. This has significantly pushed up the global oil prices. This week US oil prices hit a two-year high. To find out more on what an attack on Syria might mean for global crude oil prices the Voice of Russia contacted Mr. Chris Cook, a Former Director of the International Petroleum Exchange and now a Senior Research Fellow at the Institute for Security and Resilience Studies.
We are actually seeing the definancialisation of the oil market. The oil market has beeen financialised for several years and we’ve been seeing the funds, which have been in that market, flowing out into equity markets, into buy-to-let and other asset classes. And this, having certain consequences on the market, this is not widely perceived………………………………………..Full Article: Source


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