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Oil Price: did markets over-react to the US air strikes in Iraq and Syria?

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The price of crude oil fell on Monday during the early hours for inexplicable reasons. The only logic that I can think of is the limited air strikes carried out by the US in Iraq and Syria, in response to a drone attack by Iran-backed fighters in Iraq, a few days ago. Markets will find its equilibrium again as the day progresses.

More on that is here:

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