Why Geopolitical Chaos Isn’t Pushing Prices Higher ...Middle East

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Why Geopolitical Chaos Isn’t Pushing Prices Higher
source : OILPRICE ( Middle East ) () 48
If you’ve been watching global headlines lately, it would be easy to assume oil prices would be sky-high: a major oil-reserve country mired in crisis, sanctions on perennial producers, regional conflicts simmering, and social unrest in several exporters. And yet Brent and WTI have been languishing around $60 a barrel, a level that, a decade ago, most analysts would have dismissed as impossible in such conditions What’s happening? At first glance, the logic of oil pricing should be straightforward: supply risk should mean higher prices.…

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