Commodity markets: Supply cuts drive up the price of oil |
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Authors: | Klaus Matthies |
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Institution: | (1) Department of Economics & Finance, Gulf University for Science &Technology, P.O. Box 7207, Hawally, 32093, Kuwait |
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Abstract: | World commodity prices are again showing a marked upward trend. Most pronounced has been the rise in oil prices which have doubled as a result of a new round of production cuts. Is this the beginning of a general turnaround on the commodity markets? |
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