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hemanthaa@mail.com

Banking crisis weighs heavily on commodity prices

hemanthaa@mail.com in Oil (General)

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hemanthaa@mail.com    + 64

hemanthaa@mail.com

crude oil prices and banking crisis

The price of crude oil started tumbling again on Friday as the concerns mount over the banking sector in general and Credit Suisse in particular, despite the $54 billion lifeline thrown at the latter by the Swiss Central Bank. The rise in crude oil price that we witnessed on Thursday on account of the intervention by the Swiss Central Bank appears to be a false dawn.

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