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Oil reverses

Posted by Buygold @ 11:52 on July 25, 2014  

Oil Spikes, Stocks Dump As Van Rompuy Gives Green Light To Extend Russian Sanctions To Oil

Tyler Durden's picture

Curious why Brent just spiked by over 1% (and the S&P500 took a leg lower)? The reason is headlines from Reuters citing Europe’s unelected dictator, Van Rompuy who has said that sanctions should include Oil technology. However, in a hilarious twist, the unellected muppet of Europe’s insolvent banks, hopes to get his sanctions cake and snort Russia’s gas too, adding that Europe’s sanctions should exclude the gas sector.

  • LETTER FROM EU COUNCIL HEAD VAN ROMPUY TO MEMBER STATES SAYS RESTRICTIONS ON SUPPLYING TECHNOLOGY TO RUSSIA SHOULD INCLUDE OIL, BUT EXCLUDE GAS SECTOR-EU SOURCES

http://www.zerohedge.com/news/2014-07-25/oil-spikes-stocks-dump-van-rompuy-gives-green-light-extend-russian-sanctions-oil

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.