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December 5, 2012

The Curious Tale of Rising Global Oil Prices

Robin Mills, The National


New American

If 2011 was a remarkable year for oil exporters, 2012 was a Wonderland. Last year, for the first time, the oil price averaged more than US$100 per barrel of Brent crude. This year, the price has been even higher - $111.90. As Lewis Carroll's Alice would have observed, it was curiouser and curiouser that such high prices persisted despite a weak global economy and rising stocks. . .

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TAGGED: oil, oil prices, global oil market, The National

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