WhatFinger

The Third Wave:

Strategic Implications of the Surge in Oil Prices


By Shmuel Even During the month of October, the price of Brent light crude oil reached a peak of $90 per barrel. That surge follows continuous rises since 2003. In real terms, oil prices are now significantly higher than during the "first wave" of price rises after the 1973 Yom Kippur War and are close to the all-time high reached during the "second wave" that followed the Islamic Revolution in Iran.
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