When Has OPEC Spare Capacity Mattered For Oil Prices?
By Hilary Till, Solich Scholar, J.P. Morgan Center for Commodities, University of Colorado Denver Business School
Oil prices are usually influenced by quite a number of factors. But there have arguably been times when OPEC spare capacity has been the most important factor for driving oil prices. This paper discusses the circumstances when this has likely been the case in the past.
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