Topic: Kevin Book

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  • How Mideast turmoil affects oil prices. Six questions answered

    How Mideast turmoil affects oil prices. Six questions answered

    From the first spark of Middle East unrest in Tunisia in December until the violent suppression of protests in Libya in late February, the price of a barrel of crude oil rose from $88 a barrel to more than $100. But rising demand – from oil-hungry China and other fast-growing nations – was pushing prices up even before the turmoil. How much prices rise depends largely on whether supplies flow unimpeded from the Middle East. Here’s a rundown on oil supply-price issues affecting the US.

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