You are here

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

BT_20150121_KVHOT21_1468694.jpg
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

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom