It's going to be a volatile next few months in the oil markets if every tropical despression or storm panics the market.
As oil dips slighlty below $125 in the early morning, evidence of rising output by OPEC was mosly countered by Tropical Storm Edouard, which is threatening oil facilities in the Gulf Of Mexico.
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Political risk in Iran and supply risk in Nigeria continue to weigh on the oil markets as well.
See Also:
Lehman: Oil Back to $90 In Six Months
$120 Oil To Save US Economy or Stock Market? No.
