Geopolitical Tensions in Middle East Sent Crude Oil to Two-Month High
SylviaHunt30Crude oil prices jumped to a 2-month high amid concerns over the situation in the Middle East. The ongoing political unrest in Syria, and Israel's accusation against Lebanon and Iran and the threat of retaliation have increased the likelihood of oil supply stoppage. Global economy remained lacklustre with US data disappointing the market. The Spanish bond auction was regarded as unsuccessful. In China, the government indicated that it would not relax property control even though economic growth slowed. Wall Street trading was choppy with both the DJIA and the S&P 500 recording modest gains only.
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Geopolitical Tensions in Middle East Sent Crude Oil to Two-Month High
