As reported by «Market Leader» (US)
Will the revolutions in the Arab World initiate a crude oil collapse?
The crude oil market is in fever: because of the revolution in Libya the export of crude oil from the country has seen a dramatic decline. The panic and speculations at the market made the prices rally as numerous analysts started speaking about the probability of new, unprecedented problems the global economy might face in the near future, including another wave of the global economic crisis… up to the collapse of the entire global economy. So, how serious are these concerns over the continuous series of revolutions in the Arab world?
Let’s differentiate between the panic, the rumors and the real threats and losses.
According to Masterforex-V Academy experts, in order to answer the question it is necessary to differentiate between the panic, the rumors and the real threats and losses that the global economy is currently suffering as the result of the revolutions. It is necessary to define what role the revolution-ridden countries play in the global supplies of crude oil.