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What is Oil Price Impact from Middle East Unrest about?

The document summarizes how unrest in oil-producing regions like the Middle East and North Africa is impacting global oil prices and gasoline prices in the U.S. Though the U.S. produces a significant amount of its own oil, it imports much more and traders have bid up prices due to concerns the unrest could spread and further disrupt global supplies. This has translated to higher gasoline prices for American consumers, even though very little of the U.S. supply has been directly affected so far. Experts quot

Author

courtneypo

Language

EN