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Global Chaos, Strong U.S. Stock Market Boost Crude Prices
Attachment: GRAPH 2, Graph 1, Graph 3
Editorial by Geoffrey Lakings for Industrial Info Resources (Sugar Land, Texas)–Whiplash. Nearly a month ago, all signs pointed to a depressed crude market for the foreseeable future, as global economics affecting demand weighed heavily on prices. But then geopolitical tensions–Russia and Ukraine, the Middle East, etc.–began to drive a recovery, along with a U.S. stock market that shrugged off economic naysayers.
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