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Crude Oil Trading Is Playing the Game: “Rescue Boat”

Posted on 04 March 2009 by Bob van der Valk

The WTI crude oil price gained $1.50 a barrel yesterday with news about more rebel attacks on Shell facilities in Nigeria. There was also more speculation swirling around that OPEC will cut additional production at their March 15th meeting in Vienna, Austria. The up note in energy markets was contrary to the continued weakness in the equity markets, which were all dangerously close to forming fresh lows again yesterday. Continue Reading

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