“Oil surges on hopes of bank rescue deal”

The volatility we have come to expect in oil showed its face again as oil closed up around 8%-10% on the week on news of a nearing deal on the Eurozone crisis.

We can expect this to continue. High oil prices will dampen the economy, which drive prices down again, so will grow the economy will grow, and so on.

http://www.ft.com/cms/s/0/47d6e9fa-f35e-11e0-b98c-00144feab49a.html

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