Written by John O’Donnell, Online Trading Academy
The Chart of the Week
Supply and demand are obviously very important in determining the price of oil but there are also pressures from political sources. For example, the economies of many oil producer nations cannot function without a certain level of oil revenues. Thus market forces are distorted by those who force production up to try to maintain revenues at lower unit prices.
Discussion of the oil market after the Read more >> jump.
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