What’s Wrong With This Picture? Oil Up More Than 20% As World Stagnates
- Tuesday, August 14, 2012, 12:01
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Crude oil has been on a tear recently, rising more than 20% since mid-June despite an ailing global economy, the possibility of an implosion in the Eurozone, and a slowdown that spans from China to the U.S. Geopolitical concerns are back on the table, as Iran and Israel step up the rhetoric once again, coupled with speculation that stimulus or easing from Draghi or Bernanke will support commodity prices.
http://www.forbes.com/sites/afontevecchia/2012/08/14/whats-wrong-with-this-picture-oil-up-more-than-20-as-world-stagnates/
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