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April 2, 2012

Only Saudi Oil Can Keep the Market Stable

The Economist, The Economist


AP Photo

Everyon knows why oil prices, at around $125 for a barrel of Brent crude, are so high. The long-term trends are meagre supply growth and soaring demand from China and other emerging economies. And in the short term, the market is tight, supplies have been disrupted and Iran is making everyone nervous. .

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TAGGED: Saudi Arabia, oil supply, oil prices, global oil market, the Economist

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