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Who Governs Global Oil Prices?

... market transcended through its various stages. A less inclusive, yet still noteworthy analysis is by Prof. Yakov M. Mirkin; he only highlights three stages, but he outlines two factors behind shifts in oil prices. He sees the key reason being “fundamental factors”, but occasionally short-term “financial factors” also edge the market. For instance, just a couple of days ago we witnessed a financial factor in action, as China published its results for production output, for ...