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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
No its the Saudis calming the market. If you buy 10 barrels at USD 110 you'll get one barrel on top , free.
surely not because of Putins comments on oil prices earlier :)
Russian Urals mix is heavier and harder to refine, to put it simply, and hence always traded with a discount to Brent
Here the Suez gains importance. The reason is that refineries are adjusted to and even constructed to crack particular crude oil. No matter what happens with oil price, a call on gasoline
is advisable.