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Any other business

Don’t believe the recession hype – or this commodities boom

Also in Any Other Business: budget boredom; Bob Dudley; Brics nonsense

12 March 2016

9:00 AM

12 March 2016

9:00 AM

All in all, this is an odd moment for an outburst of high spirits: not from me — I’m as phlegmatic as ever — but from commodity investors. The price of a barrel of oil has rallied from $27 to $40 after talks between Saudi Arabia and Russia about restricting supply; one pundit called that ‘meaningless theatre’ but others expect a climb back to $50.

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