There has been no justification for the oil prices of the past five years, which have been moving up and down based on speculation more than fundamentals that were exaggerated by both sides, so why should today be any different?
The Libya conflict is one of the important factors keeping upward pressure on Brent crude oil. It is also one of the reasons why Brent, which is considered as European oil, has maintained a large premium to its US counterpart WTI in recent months. What’s keeping ...
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