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Turkey is not a big oil producer nor consumer, and the oil market appears to be displaying fatigue in response to repeated counts of geopolitical ‘ events ’ in the last few weeks, and thus only seems to react more strongly to events that matter on the fundamental side, gold prices had risen quite a bit in the aftermath of Brexit but now prices are just holding at elevated level.
Found on Reuters 8 years ago
The idea that gasoline demand is actually rising suggests that perhaps the lower prices of crude are actually prompting a greater usage of this product (gasoline).
Found on Reuters 8 years ago
The idea that gasoline demand is actually rising suggests that perhaps the lower prices of crude are actually prompting a greater usage of this product (gasoline), i think the market is reading this as a positive sign in terms of demand.
Found on Reuters 8 years ago
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