MARKET TALK: Russia-Georgia Fight's Oil Mkt Impact Minimal

MARKET TALK: Russia-Georgia Fights Oil Mkt Impact Minimal
DJ
Δευ, 11 Αυγούστου 2008 - 22:27
Oil Prices Fall Despite Russian-Georgia Showdown
[Dow Jones] Heavy fighting between Russian and Georgian forces doesn't rise to the level of a market-moving event, says Robert Johnston with Eurasia Group. "The bar is very high in terms of a physical supply disruption or political risk in order for the market to really take it seriously," he says. "Unless the military situation gets a lot worse or extends broader through Georgia ... I don't think the market impact here is going to be very great." An attack on the 1 million b/d BTC Pipeline would be enough for the oil market to take notice, he says. September crude trades at $113.15/bbl, down $2.05.

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