Amir Townsend

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  • Peace is good for Exxon, Chevron and BP

    By Amir Townsend - November 21, 2012 | Tickers: BP, CVX, XOM

    On November 14, 2012, a dangerous conflict began between Israel and Palestine. As the attacks between the two sides continued in Gaza, geopolitical risk began to rise substantially in the region. On November 20, 2012, Egypt aided in brokering a deal between Israel and Palestine and the rumor of a cease-fire began to spread. According to CNBC, oil prices reacted by decreasing by 2%. Brent Crude dropped by 1.7 more »