Some believe that the deteriorating situation in could be the Black Swan that throws the oils markets into complete chaos. Not so TheStreet.com’s Joe Deaux. He thinks it’s still to early to tell. So far oil prices are high but they haven’t gone parabolic.
It looks like oil is still flowing from Iraq and that’s a good thing. Will it continue, no one knows for sure.
The situation is fluid and could change at any moment.
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