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Bubble, Bubble, Oil And Trouble

By Cardiff Garcia,
Stacey Vanek Smith
Published June 28, 2018 at 3:32 PM CDT

The price of oil continued climbing throughout this year, catching forecasters and consumers by surprise. What happened, and what might make it move in the second half of the year?

We talk to John Kemp, senior analyst at Reuters, about the peculiar dynamics of the oil market, the events that have pushed the price up this year, and the potential impact of ongoing geopolitical events like the Iran sanctions and the choices of OPEC.

This is the first episode in a series of mid-year updates about our favorite economic indicators.

Music by Drop Electric. Find us: Twitter/ Facebook.

Subscribe to our show on Apple Podcasts, PocketCasts and NPR One.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Business & Education
Cardiff Garcia
Cardiff Garcia is a co-host of NPR's The Indicator from Planet Money podcast, along with Stacey Vanek Smith. He joined NPR in November 2017.
See stories by Cardiff Garcia
Stacey Vanek Smith
Stacey Vanek Smith is the co-host of NPR's The Indicator from Planet Money. She's also a correspondent for Planet Money, where she covers business and economics. In this role, Smith has followed economic stories down the muddy back roads of Oklahoma to buy 100 barrels of oil; she's traveled to Pune, India, to track down the man who pitched the country's dramatic currency devaluation to the prime minister; and she's spoken with a North Korean woman who made a small fortune smuggling artificial sweetener in from China.
See stories by Stacey Vanek Smith
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