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Email this article: Crude oil and the impact of EU sanctions against Iran
Posted: Tue January 24, 2012 3:57 pm
INTERNATIONAL. Given what we know in terms of supply and demand we feel that oil prices are trading expensively but the geopolitical risk premium will stay for the foreseeable future leaving selling interest only in the hands of brave hearts.
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INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
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