Oil Market Has Never Seemed Less Worried About World Turmoil
10 in a Row for Oil: What’s Next?
This article is for subscribers only.
When Islamic State fighters in Iraq captured the town of Ramadi this week, just 80 miles (129 kilometers) from the capital of the Middle East’s second-largest oil producer, crude markets shrugged.
Rather than the spikes that have historically accompanied geopolitical disturbances, oil prices actually fell that day.