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Geopolitics are the Biggest Threat to the Price of Oil

Geopolitics are the Biggest Threat to the Price of Oil

Shailaja Nair, Senior Managing Editor at Platts says that going forward, geopolitical events will affect the price of oil more than fundamental supply and demand. She also says that the closure of the Strait of Hormuz would significantly hit North Asian consumers.

CNBC | January 26, 2012Watch more videos from CNBC

Tags:. .hormuz. .strait. .closure. .geopolitical. .geopolitics

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