Brent Crude prices jumped a few weeks ago when ISIS insurgents attacked Iraq from Syria, then prices stabilized at around the $110 level before moving up again last week to over $115 before falling back to currently sit at just under $115. WTI Cushing has tracked this trend, and is sitting at just over $107 a barrel at the moment. So it seems we have, for the moment at least, a new norm for prices. Chinese manufacturing output figures and Western economic figures all point towards growth, which would put upward pressure on oil prices in any event. Because this
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