09.07.2013 - Why oil has proven resilient
This year has been rough for commodities. Gold is down roughly 25% in 2013, as is corn, while silver is off an astounding 35% through the end of June. But there has been one exception to this trend: energy, particularly oil. Crude oil has proven more resilient and less volatile this year (depending on which benchmark you use, it is either up or down in the single digits) than most other commodities. There are three main factors behind this:..............................................Full Article: Source
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