Crude Oil Soars to US$59 a Barrel
Traders were concerned about the US' ability to deal with an increase in demand, while security concerns also weighed heavily on markets
posted by Aberto Handfas | 3:12 PM
Oil Market
This blog is dedicated to discuss the political economy of oil markets with a critical and historical approach. Oil has become a unique commodity in modern capitalism. Its market has been driven by transnational corporations and financial markets speculation. Articles, papers and personal comments on the global oil market framework, its fundamentals, supply and demand, cartels, imperialist policies, and the underlain class struggle issues are being daily gathered.
Contributors
- Oil Surge Moderates Losses in U.S. Treasury Debt
- Crude oil shocks will be felt when retail prices a...
- Drilling into High Oil Prices
- OPEC increase will not answer global oil worries
- OPEC adopts 2-pronged plan to stifle oil prices
- Morgan Stanley economist sees oil crash
- Oil Markets Ignore OPEC Output Increase
- OPEC agrees to raise output to cool prices
- Oil Markets Explained
- IMF: “Will the oil market continue to be tight?”
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