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Inflation and energy traders on edge – RBS

FXStreet (Barcelona) - The RBS Team observe that this week’s OPEC meeting has kept energy and inflation traders on edge as talks of curtailing production gain speed.

Key Quotes

“The global energy markets are certainly getting their fair share of attention these days.”

“TIPS traders and investors have eyes as big as pie plates after Crude Oil and gasoline prices have lost roughly 1/3rd of their value since the end of June. Moreover, the plunge in energy prices is no doubt one of the reasons why the much-watched 5y5y inflation expectations measures in the US and the EU have weakened materially in recent months.”

“This week's OPEC meeting has energy and inflation traders on edge as some believe that Saudi Arabia would be happy to beggar some OPEC neighbors (Iran) on the road to taking out some high cost shale oil producers in the US.”

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