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  • Petroleum Assign 1

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    ZaidSharif
    11 vizualizări1 pagină
    In 2007, tensions in eastern Turkey and a strengthening US dollar contributed to oil prices of $90.02 per barrel. In 2008, oil rose to $100 per barrel due to tensions in Nigeria and speculation about US crude stock levels. Oil prices increased further to $145.74 per barrel due to OPEC accusing the US of mismanaging oil prices, attacks on US pipelines in Nigeria, and tensions with Iran. In 2009, oil prices drastically dropped to $35 per barrel.

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    In 2007, tensions in eastern Turkey and a strengthening US dollar contributed to oil prices of $90.02 per barrel. In 2008, oil rose to $100 per barrel due to tensions in Nigeria and speculation about US crude stock levels. Oil prices increased further to $145.74 per barrel due to OPEC accusing the US of mismanaging oil prices, attacks on US pipelines in Nigeria, and tensions with Iran. In 2009, oil prices drastically dropped to $35 per barrel.

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    Attribution Non-Commercial (BY-NC)
    Descărcați ca DOCX, PDF, TXT sau citiți online pe Scribd
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    11 vizualizări1 pagină

    Petroleum Assign 1

    Încărcat de

    ZaidSharif
    In 2007, tensions in eastern Turkey and a strengthening US dollar contributed to oil prices of $90.02 per barrel. In 2008, oil rose to $100 per barrel due to tensions in Nigeria and speculation about US crude stock levels. Oil prices increased further to $145.74 per barrel due to OPEC accusing the US of mismanaging oil prices, attacks on US pipelines in Nigeria, and tensions with Iran. In 2009, oil prices drastically dropped to $35 per barrel.

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca DOCX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 1

    Year 2007 2008

    Events Ongoing tensions in eastern Turkey Reducing strength of US dollar January, February & March Light crude oil rose drastically due to tension of New York days in Nigeria and oil price speculation which is suspicion that US crude stock will have dropped for seventh consecutive week. March & onward OPEC accuse US is mismanage that was pushing oil price which is under George Bush Nigerian militant group claimed an attack on US oil pipeline. Oil price keep increasing due to possibility Israeli attack the Iran Oil price rose temporarily because of tension in the Gaza Strip Oil price drastically drop

    Price oil $ 90.02 per barrel $100.00 per barrel

    $145.74 per barrel

    2009

    $35.00 per barrel

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