25.07.2012 - Crude to trade in $90-105 range: IHS Global Insight
Simon Wardell, crude and geopolitical specialist, director, IHS Global Insight, says that it appears that Syria political situation is moving closer to a resolution as the regime is weakening. Saudi Arabia is producing more than they had ever produced in the past so one canít expect more from OPEC states. The European Union's effort to try and stabilize worries in Spain and Italy had a small positive impact on the market which raised optimism. Combination of both the factors led to rebounding of crude prices...............................................Full Article: Source
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