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What the European Debt Accord Means For Oil

by Dr. Kent Moors | published October 28th, 2011

Yesterday’s huge move up in the markets was an expression of relief, if nothing else.

After months of frustration, an accord is coming over the debt crisis in Europe. It will unfold along the lines I suggested.

But what does this mean for the oil sector?

First off, we need to understand what has actually happened. And that, as it turns out, is not easy. Much of the details in the debt package still need to be worked out.

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