iBankCoin
Joined Nov 11, 2007
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Some Analysis on the Oil Markets in Regards to IEA Decision of Releasing Strategic Reserves

Analysts feel the short term price action will be affected by the strategic release, but it will not effect the long term structural supply chain. Essentially the move is to allow for more time for OPEC to get their act together since their recent meetings ended up in no increases to global supplies.

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