Oil Price Analysis

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Title: Oil Price Analysis

Essay Details:

Subject: Business

Author: Becky C

Date: June 20, 2015

Level: University

Grade: A

Length: 1 / 286

Essay text:

Traders are betting this rapid growth will continue for several years. US demand has risen because of strengthening economic recovery and greater need for higher grade crude oil suitable for processing into petrol (gasoline) for the fuel-hungry Sport Utility Vehicles (SUVs) popular with US drivers. Among suppliers only Saudi Arabia has significant spare capacity that it can make available to the market. VIOLENCE IN THE MIDDLE EAST The world's major oil consumers remain dependent on the Middle East for their oil. Recent violence in Iraq and Saudi Arabia has again raised fears about an interruption to supplies...

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