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Back Fundamental analysis
Emergency measures by US and Saudis calm markets (USD/JPY may fall and GBP/USD may rise)
In the face of ongoing hostilities,
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In the face of ongoing hostilities, oil has steadied after a near 30% jump on Monday to about $120 per barrel. The United States began emergency measures to curb the rise in oil futures, and Saudi Arabia reportedly increased pipeline flows, from the previously reported 2 million barrels per day to as much as 5 million. Those steps have weighed on prices, but they are extraordinary and temporary. Without a radical change in the overall situation in the Middle East,
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Pati Gani,
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