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Politics : Politics for Pros- moderated

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To: FJB who wrote (420613)4/7/2011 5:13:33 PM
From: FJB   of 793917
 
Crude at $175? Oil traders stress test the future

By Javier Blas

Published: April 7 2011 09:39 | Last updated: April 7 2011 09:39


Oil at $175 a barrel; copper at $12,000 a tonne and corn at $10 a bushel. As commodity prices rally, the world’s largest trading houses have been busy ‘stress testing’ to be sure their finances can withstand a “super spike”.

The levels are not a forecast – indeed, executives tell me they do not expect such hefty prices – but do signal a “worse case scenario” for which oil, metals and food commodities traders need to prepare...

ft.com
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