Slugcatcher and the threat (or promise) of a sharply higher oil price

OIL is poised, for all the wrong reasons, to surge sharply higher with Slugcatcher viewing last week’s rise back to US$70 a barrel as a taste of what’s to come if threats of gunboat diplomacy become reality.

Slugcatcher and the threat (or promise) of a sharply higher oil price Slugcatcher and the threat (or promise) of a sharply higher oil price Slugcatcher and the threat (or promise) of a sharply higher oil price Slugcatcher and the threat (or promise) of a sharply higher oil price Slugcatcher and the threat (or promise) of a sharply higher oil price
Until a few weeks ago a rapid rise in the oil price seemed unlikely with supply slightly ahead of demand in what's been a remarkable tug-of-war between conventional Middle East producers and

 

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