Oil Prices set for spike in wake of global conflict and weak data?
In the past few months there have been more and more reasons for oil prices to sky-rocket. Ongoing civil revolt in Ukraine has caused the U.S. and much of Europe to impose economic sanctions on energy giants Rosneft and Gazprom. Not to mention renewed conflict in Syria. Islamic fundamentalist groups are vying for control of land, with the potential for severely affecting production lines to the west.
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