Commodities Agenda: OPEC, Ike and oil

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Commodities Agenda: OPEC, Ike and oil
      

A surprise cut in production from OPEC and Hurricane’s Ike’s looming presence in the U.S. Gulf of Mexico are supporting oil prices above $100 a barrel. Just a daily move? Not to some. On OPEC, UBS told clients: ”We think this is a serious deal for a real cut… In this market, direction matters and this is a [...]
         

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