09.08.2011 - Goldman and Merrill stay bullish on oil
Oil prices will rise again soon even if they fall further in the short-term because governments have no other tools to combat slow growth other than further ease monetary policies, leading commodities trading banks said on Monday. "For many governments, monetary policy could be the only tool for expansion. Given the broad supply constraints in this (oil) sector, an extensive monetary response would create a rather positive backdrop for commodities," Bank of America Merrill Lynch said in a research note..............................................Full Article: Source
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