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Any other business

This great commodity rally doesn’t mean that spring has arrived

10 March 2016

3:00 PM

10 March 2016

3:00 PM

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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