Oil prices tugged in both directions

Brent crude resumes the week in the $95/bbl region caught between the opposing pulls of the Venezuelan/Exxon issue and continuing fears that the US downturn will dent demand.

Oil prices tugged in both directions

Brent crude resumes the week in the $95/bbl region caught between the opposing pulls of the Venezuelan/Exxon issue and continuing fears that the US downturn will dent demand.

This marks an interesting element in that the geopolitical factor quickly outweighed the economic fundamentals which somewhat betrays an instinct on the bullish side.

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