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Global Economic Outlook

Energy Markets: Q1 2010 Outlook

By Rachel Ziemba and Mikka Pineda

The main energy commodities (oil, coal, gas) diverged in 2009 as the global economy navigated toward stabilization. Oil outperformed by far, benefiting greatly from increased global liquidity and risk appetite and a weakening dollar. Supply gluts in natural gas helped keep prices much weaker than the traditional link with oil…

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