Washington is trying to drive down prices by flooding the market with crude but risks collateral damage to its own shale industryImagine that at the start of 2014 you were an investor who liked to dabble in the commodity markets. You could sniff something going seriously wrong in Ukraine and you were alarmed by early reports of groups of militants marauding across northern and western Iraq.With hopes that the global economy would continue to strengthen, the smart money would have been on oil prices continuing to climb. Thats what geopolitical tension plus robust demand usually means. … …read more
Source: The Guardian
