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Perspectives

Back to the future

ME PoV Fall 2011 issue

Where next for 100-Dollar oil?

A look back at the last decade reveals a tremendous level of oil price instability experienced by producers, consumers and global economies alike. In the last six months alone, the price of oil has had to weather a sputtering global economic recovery, geo-political upheaval (in the wake of the Arab Spring) and uncertainty within OPEC on production rates.

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