Volatile Swings in Oil Prices Hobble Industry

New York Times by Jad Mouawad | Jul. 6, 2009 (News Report)

The extreme volatility that has gripped oil markets for the last 18 months has shown no signs of slowing down, with oil prices more than doubling since the beginning of the year despite an exceptionally weak economy. Full Story »

Posted by Kaizar Campwala

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Subjects: World, Business
Topics: Global Economy, Middle East, Oil and Gas, Transportation, Cars
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Posted by: Posted by Kaizar Campwala - Jul 6, 2009 - 8:24 AM PDT
Reviewed by: Kaizar Campwala (review)
Content Type: Article
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Edited by: Kaizar Campwala - Jul 6, 2009 - 8:24 AM PDT
Related Comments: Global Economy (2)

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Kaizar Campwala
3.2
 by Kaizar Campwala - Jul. 6, 2009

This article explains who loses with volatile oil prices, but who wins? What are the interests of oil traders, oil companies, and oil producing nations in volatile prices?

Kaizar posted this story.
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