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A New Age Dawns for Oil Markets

Por: MarketWatch Business December 29, 2022

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The oil market has followed a path of consistent but managed globalization for nearly 50 years. This process can be best encompassed in the three “Fs”: free (largely unconstrained trade), fungible (oil of different grades and origins are largely interchangeable), and financialized (with a deep, liquid financial commodity market facilitating hedging and price discovery). The emergence of shale was set to cap this process by ostensibly... + full article



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