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Commodities Briefing - Categorized | Market Moves, Oil more

A triple witching hour for oil prices in 2014?

Posted on 25 September 2013

The Fed’s decision last week not to begin the tapering off of its Quantitative Easing saw oil prices shoot up about $2 a barrel. If the minds of commodity traders were linear (insert your comment here), then that would imply that about $15 of the current oil price of $105 a barrel was due to the pump priming (financial, not physical) of the Fed.
This would conform to the current futures strip, which puts the mid-2015 price at about $90………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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