Crude Oil Insights Month: October 2010

Month: October 2010

Crude oil price outlook: The rate hike heard around the world! PBOC hikes interest rates by 25 basis points

The Chinese central bank (PBOC) raised interest rates for the first time in three years in a surprise moved that rocked commodity and currency markets. The US dollar retained its status as a safe haven currency as traders unwound trades and headed for cash and treasury securities. Commodity prices fell across the board with Crude…

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