Traders: Oil Becoming "Dangerous"

Word from the wise?

“Political and economic events are shaping the oil market in a way that they have not shaped for quite some time,” Tamas Varga, senior analyst at PVM Oil Associates, said in a research note published Thursday. “The amount of uncertainties surrounding the global supply (and) demand balance is growing almost by the day,” he added.

In other words, stay away from oil right now. 

 

 

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