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Global hot spots are quickly forgotten by oil traders

But geopolitical risks remain intact; investors could be setting themselves up for a surprise by driving oil down so far
Wednesday, January 21, 2015 - 05:50
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Part of the reason that oil prices plunged last year was that the instability across the globe didn't wind up restricting supply.

Melbourne

BACK when oil traded at US$115 a barrel in June, traders were talking about the fighting in places like Iraq, Ukraine and Libya as part of the reason it was so high.

Fast forward seven months and while crude has faded to US$50 a barrel amid a supply glut, those

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