| When Islamic State fighters in Iraq captured the town of Ramadi this week, just 80 miles (129 kilometres) from the capital of the Middle East’s second-largest oil producer, crude markets shrugged.
Rather than the spikes that have historically accompanied geopolitical disturbances, oil prices actually fell that day. Elsewhere, Libya is on the verge of becoming a failed state and Saudi Arabia is waging an air war against rebels in neighbouring Yemen. Again, the markets seem blissfully indifferent...............................................Full Article: Source
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