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Chicago Fed Letter, No. 39, November 1990
Oil and Competition in World Markets

Although supplies are not drastically lower, oil prices have jumped from $20 per barrel at the end of July to around $40. The price hikes reflect not only current tightness in supplies but also uncertainty about the prospects for war, which would seriously disrupt oil supplies.



Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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