Politics: taking over the world's oil market

Hui, Cheok Soh; Gibson, Jane
September 2006
ICIS Chemical Business;9/18/2006, Vol. 1 Issue 35, p20
Trade Publication
The article discusses the impact of politics on the oil industry. Politics, not economics, sparked the recent slide in crude oil prices. As negotiators reported progress to resolve a dispute over Iran's stance on nuclear research, crude tumbled to $65.68/barrel, its lowest level in five months. The oil market has been rocked by political instability over the past five years.


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