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Commodities Briefing - Categorized | Oil, Price Watch more

Can opportunists thrive on oil price madness?

Posted on 09 September 2013

Pundits are confused. Contradictory signals are keeping the crude markets volatile. Oil futures continued to swing back and forth, throughout the past week, as markets weighed, and indeed awaited the next moves of the world leaders on the geopolitical chessboard.
Concern that a potential US strike on Syria would spread unrest and further disrupt Middle East crude supplies had boosted oil prices in recent weeks. However, sentiments cooled down a bit after Obama faced open resistance from Russia, China, the European Union and some emerging market countries, during the G20 summit at St Petersburg, against striking Damascus without UN Security Council approval………………………………………..Full Article: Source


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