"Crude oil is likely to follow equities for a few more days until it can start again to trade as a separate asset class,"
(Oliver Jakob of Petromatrix said on the relationship between equity and commodity markets.)
"The only olive branch of bullish news came from the fact that oil supply has been under pressure of late from Hurricanes in the US and Geo-political strife in Africa and Arab countries,"
(Robert H Laughlin, analyst at MF Global said, adding that refining activity in the US Gulf of Mexico was nonetheless returning to to normality.)
"Stock markets are all up and oil has taken some encouragement from that,"
(a London based broker said on the fresh strength in commodities complex.)
Updated: October 13, 2008
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