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Week commencing 7 June 2010

Hungarian fears unsettle markets. Comments from the ruling Fidesz party indicating that their public finances are much worse than originally thought.

This year has seen little reduction in high street oil prices. Although the cost of Brent Crude has dropped this has not been reflected in oil prices as sterling has continued to fall against the dollar.

With the Euro under selling pressure, oil prices are unlikely to post any major rally.