Oil price swings shatter market myths

Only a few days passed between record highs at $56 a barrel and the post-election prices of around $48.50. One would think that there had been the removal of at least part of the “terror premium”.

Aljazeera.net
There is no let-up in attacks on pipelines carrying Iraq’s oil. But as the oil price began its most recent fall on 1 November, what was happening went against received wisdom.