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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices soar on Goldman rumor

Posted on 31 August 2011

Oil prices rallied Tuesday in reaction to rumors that Goldman Sachs has purchased a massive quantity of oil and signs that the Federal Reserve may implement additional stimulus measures.
Brent crude oil for October delivery was gaining $2.11 to $113.99 a barrel and the October West Texas Intermediate (WTI) light sweet crude contract was adding $1.66 to $88.93……………………………………….Full Article: Source


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