Seasoned commodities investors know that geopolitical events often have profound impacts on oil prices. History is littered with examples of conflicts in major oil-producing countries prompting supply disruptions, which in turn stoke higher prices for oil futures and exchange traded products such as the United States Brent Oil Fund, LP (NYSE: BNO).
Paris, Syria And West Texas
In the wake of last week's terror attacks in Paris, and France's subsequent bombing of Islamic State strongholds in Syria, oil prices have slipped with West Texas intermediate futures falling below $40 (at this writing) per barrel for the first time since August.
Not A Unique Situation
“As a notable example, in the early part of 2014, conflicts in Libya and Iraq led to temporary outages in their oil production, keeping world prices high, even as supply elsewhere in the world continued to ramp up. When production from those two countries came ...
/www.benzinga.com/trading-ideas/long-ideas/15/11/5984889/how-the-paris-attacks-could-change-the-oil-debate alt=How The Paris Attacks Could Change The Oil Debate>Full story available on Benzinga.com
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