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Commodities Stubbornly Bid
Started:November 8th, 2011 (04:30 PM) by Quick Summary Views / Replies:478 / 0
Last Reply:November 8th, 2011 (04:30 PM) Attachments:0

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Commodities Stubbornly Bid

Old November 8th, 2011, 04:30 PM   #1 (permalink)
Quick Summary
Commodities Stubbornly Bid

Oil prices have pared gains and retreated from its recent highs after the Italian PM Berlusconi was incapable of winning an absolute budget majority vote, casting doubt on the countryís ability to enact austerity measures under his leadership. However, strong seasonal fundamentals and concerns about a rising dispute over Iranís nuclear program is providing support on pullbacks, and trumps the worries caused by Italyís sovereign debt risk. Fundamental reasons have driven this market higher over the past week. Gas supplies [...]

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