The fall of Middle East tyrannies and renewed conflict there have squeezed the oil supply, returning the region’s politics to the fore as an energy worry for the world.
Oil outages in Iraq, South Sudan, Libya and Iran are combining to help keep oil prices well above $100 a barrel, partly countering the rise in U.S. shale oil supply and concern about the strength of Chinese demand.
“Geopolitics are firmly back on the radar,” said Soozhana Choi, analyst at Deutsche Bank. “This is …
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