WSJ latest news-Suez Isn’t The Real Crisis for Oil Prices


Suez Isn’t The Real Crisis for Oil Prices
— Liam Denning
The Wall Street Journal Europe
04 Jul 2013

Oil bulls are misreading the wisdom of crowds. Near-month U.S. crude-oil futures jumped above $ 100 a barrel Wednesday, ostensibly because of mass protests in Egypt. But it is worth remembering that Egypt is a net oil importer, not exporter. As for…read more…

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