Oil: Price pressure

Nigeria is an unsafe place for oil workers these days. But kidnapping rates cannot explain fully why the price of crude has increased by 7% in the last two weeks, or by 45% in the last six months. Nor can strong US summer driving intentions, or even continuing production restraint from Opec. The daily news on production and inventory levels is relevant to the daily direction of the price of crude. But oil has never really lived in the land of supply and demand, where price changes provoke quick...