Oil Today

Oil Future in a Financially Unstable Europe

How is the European debt crisis going to affect the oil trade and business in the continent? This is the question that many of the people engaged in oil business have been asking after the beginning of the financial problems in Europe in 2011. The answer might appear to be quite complex because it is yet unknown what is actually gonna happen with the European commodity and stock markets. Nonetheless, a prediction by leading European economists indicate that the future of oil might not be that bright in the second largest oil consumer in the world – the EU.

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