Oil prices merit reexamining of supply/demand fundamentals
This year's relentless upward surge in oil prices was different from other
increases, and not only for the heights it reached. Never before had the
benchmark price of West Texas Intermediate crude passed even $45 per barrel,
much less $50. And the caveat that ıreal prices were higher in the late
1970sı was little more than cold comfort. Read More
Printer-friendly format