September WTI oil futures prices continue to churn near $103, as the oil market cannot, as easily, shrug off the crisis in Ukraine and Gaza, as the equity markets. To reiterate a common theme or point here: the Ukraine situation has a lot of Russian crude oil and refined products hanging in the balance, not to mention the natural gas needed to heat European homes this winter. Ukraine has apparently shot down two Ukraine fighter jets, so they are undeterred by the mishap with flight MH17.
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