Mecklai Graph of the day - Iran tension echo Libya
Crude oil this week rose to 8-month high to 103.75 on PMI numbers and other economic data that printed higher across the globe (China, US, UK, India and Germany), which showed improvement in economic activity and employment.
On other side, the threat of a major supply disruption from Iran the world's fourth largest oil producer after tensions of the Persian Gulf ratcheted following naval exercises in the Strait of Hormuz by Iran, which test-fired missiles. Additionally, EU member
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