Commodity markets were markedly affected by the London blast on late Thursday morning. At IPE, intraday moves were relatively strong with August Brent plunging by over 5 dollar, before recovering to above the 59 dollar mark. Gas and coal firmed to higher values at the end of yesterday’s trading session.
“Under the impression from the news that the incident was due to a terror attack the market certainly became nervous. Hedge funds sold positions and this led to plunging oil prices, before later recovering” one oil analyst said. The important question is now how fast the market will resume ordinary trading activity, she said. “After Madrid, the market actually came relatively
Freitag, 8.07.2005, 09:00 Uhr
Redaktion
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