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Global Chaos, Strong U.S. Stock Market Boost Crude Prices

Editorial by Geoffrey Lakings for Industrial Info Resources (Sugar Land, Texas)--Whiplash. Nearly a month ago, all signs pointed to a depressed crude market for the foreseeable future, as global economics affecting demand weighed heavily on prices. But then geopolitical tensions--Russia and Ukraine, the Middle East, etc.--began to drive a recovery, along with a U.S. stock market that shrugged off economic naysayers.

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