Credit: Shutterstock photoThe Middle East has a dramatic impact on the global price of oil ...and today we've got visual proof!
I call it the 'Middle East Effect' - and over the past few years it's responsible for the majority of oil's major moves, including a recent pullback in prices.
So what's next for the Middle East Effect and oil prices ?
Before we get our boots muddy in the Middle East, let's back up and take a look at how the oil market works. Consider it a crash course on crude!
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
