An oil bounce
WHY have oil prices fallen by almost a third since October? There is no shortage of culprits: a dictator, a climatic anomaly, a cartel and an economic crisis. Together they have taken prices from $21.11 a barrel on October 6th to a recent low of $14.73 on January 21st, a level not seen since the dog days of 1994.
This article appeared in the Business section of the print edition under the headline “An oil bounce”
From the January 24th 1998 edition
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