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Oil Is Getting Through From The Middle East—Here’s Why Prices Are Still High
Credit: M. Scott Brauer / Bloomberg via Getty Images
Key Takeaways
The war in Iran disrupted the flow of oil from the Middle East and sent crude prices soaring.
Supplies have gotten back to normal levels, but prices haven’t.
Prices remain high due to a “risk premium” and the need to restock depleted reserves in many countries.
Something strange is happening with oil prices: the supply of the crucial resource has recovered after being severely disrupted by the Iran war, but prices have barely edged down from their recent highs.
Experts say there are several causes for the counterintuitive…
The skinny
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