Bubble, Bubble, Oil And Trouble
The price of oil continued climbing throughout this year, catching forecasters and consumers by surprise. What happened, and what might make it move in the second half of the year?
We talk to John Kemp, senior analyst at Reuters, about the peculiar dynamics of the oil market, the events that have pushed the price up this year, and the potential impact of ongoing geopolitical events like the Iran sanctions and the choices of OPEC.
This is the first episode in a series of mid-year updates about our favorite economic indicators.
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