Chinese manufacturing activities picked up in September
www.oilfutures.co.uk The price of crude oil is still on a downward trajectory despite the volatility in the Middle EAST and some encouraging news about the Chinese economy. As for the Middle East, the IDF, Israel Defence Forces, made an incursion into Lebanon on Monday night while bringing the weeks-long speculation to an end; Israel did not want it to be known as a full-scale invasion, exactly like they did in the early 1980s. In a matter of few days, defying the military analysts, Israel almost destroyed the upper echelons of Hezbollah, the Shia military group along with its charismatic leader in Lebanon. The development left Iran, the financial and moral backer of these proxies in the Middle East including Hamas, in the lurch; it looks like Iran is now exposed as never before in decades. In the current circumstances, it is highly unlikely that Iran will pursue a military campaign to show the region - or the world for that matter - who the real boss in the region is. The two hug
