After the Oil Meeting: Calm Market Ahead?

Sunday's Jeddah Energy Meeting was meant to stabilize the oil markets, giving much-needed relief to countries and consumers suffering from record high prices. In the wake of price jumps that have chilled the global economy, including a record one-day jump of nearly $11, Saudi Arabia convened the meeting and called for calm. The thirty-six countries represented at the meeting -- both oil producers and consumers -- left Jeddah without a clear picture for what's behind the surge in oil prices. By...Full Story
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