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Commodities Briefing - Categorized | Oil, Price Watch more

Oil price spike will hit ‘fragile three’

Posted on 22 July 2014

Three of the so-called ‘fragile five’ would be among the worst hit countries if unrest in Iraq sparks another spike in oil prices, Capital Economics has claimed. Chief emerging markets economist Neil Shearing said the group’s forecast is for prices to drop back to below $100 per barrel by the end of the year, in part due to increased supply from the rest of the Middle East.
But if prices do spike beyond current levels, vulnerable markets such as Turkey, South Africa and India would find themselves in the eye of the storm………………………………………..Full Article: Source


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