Are world crude oil prices rising now due to lack of supply? Excess demand? Or is it something to do with professional financial speculators? Oil is not just a commodity; it’s a financial security. Its price tends to follow the rise of another financial asset–the US dollar. (Which rises in response to US interest rates and central bank policy). And the last time global oil prices began to escalate was 2008–on the eve of the last banking crash. Is history about to repeat itself–in whole or part? Listen to my short interview with Loud and Clear radio on global oil price movements and the broader significance of the shift to financial asset investing as a key characteristic of 21st century global capitalism
GO TO: https://www.spreaker.com/user/radiosputnik/opec-to-hold-summit-as-debate-over-globa
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