Crude oil prices haven't shown any significant response yet to the Russian aggression in Georgia. This is likely because there is no perceived long-term impact on future prices yet. This would probably change if Russia takes control of the pipeline in the south of Georgia or if there were damage to the physical facilities themselves.Wednesday, August 13, 2008
Crude Oil Markets Respond With Yawn
Crude oil prices haven't shown any significant response yet to the Russian aggression in Georgia. This is likely because there is no perceived long-term impact on future prices yet. This would probably change if Russia takes control of the pipeline in the south of Georgia or if there were damage to the physical facilities themselves.
