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Oil Market Has Never Seemed Less Worried About World Turmoil

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10 in a Row for Oil: What’s Next?

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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.