| Supply and demand are no longer most influential factors that affect prices of oil and other causes have proven much more effective in setting prices of the crude, opined Secretary General of the Organization of Arab Exporting Petroleum Abbas Al-Naqqi.
The other factors that turned much more influential include geopolitical considerations, speculations, status of global crude reserves, rate of the US dollar, conditions at global financial markets, major shares, weather forecast and production and exports, said Al-Naqqi in a statement on Monday..............................................Full Article: Source
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