After a very tough week in eurozone politics with the economic crisis claiming the heads of two prime ministers, markets will likely pause a little before a resumption of attacks on whatever they perceive to be the weakest link.
But it will take only a small breath of optimism to push the price of oil from $99 into triple digits. This 15-week high for black oil might well be interpreted as another side of the market judgment on recent events: that things are not nearly so bad as they appear in some parts of the eurozone.
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