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CME-Nymex negotiation period extended

26 Feb 2008

CME Group and New York Mercantile Exchange (Nymex) have extended the negotiation period regarding the Chicago exchange’s proposed...

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“One of our key predictions for 2011 was that geopolitical tensions will simmer more vigorously this year, particularly in the context of a market in which incremental non-Opec volumes are becoming more difficult to bring on stream and in which Opec spare capacity gets more noticeably stretched.”

BarCap's 2011 oil outlook looks increasingly accurate.