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Tumbling US oil price transforms trading

Posted on 07 November 2013

It is a taste of things to come. As the benchmark US oil price has slumped over the past month, so has the cost of crude in the Gulf of Mexico, one of the largest refining hubs in the world.
The sharp price moves are testament to the impact of the US shale revolution, which has sent new supplies of crude from oilfields in North Dakota and Texas to the coasts of the US - with far-reaching effects on international oil markets………………………………………..Full Article: Source


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VRS - who has written 40685 posts on Opalesque Commodities Briefing.


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