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Oil Prices Rise as Yemen Burns

by | published March 27th, 2015

The crisis in Yemen has provided a stark reminder of the immediate impact geopolitical events can have on oil prices.

In the wake of the Saudi-led airstrikes, West Texas Intermediate (WTI) jumped over 6% in less than 18 hours. Meanwhile, Brent climbed more than 5%.

Now Iran is warning of bloodshed as the crisis takes a turn for the worse. According to Dr. Kent Moors, this situation has “all the hallmarks of a bloodbath just waiting to happen.”

Kent was asked to provide his timely analysis on CNBC’s Closing Bell to discuss the impact this massive crisis will have on oil prices.

As Kent notes below, this one could get ugly very fast.

 

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  1. March 28th, 2015 at 16:27 | #1

    Is there any chance of having transcripts of video interviews? For the umpteenth time my video has frozen partway into the interview (three times with this posting- each time at 1:47). This seems to be a common occurrence, mainly with Money Map although it has happened occasionally with other sites. Am I the only one having this problem?

  2. Rogan
    March 29th, 2015 at 14:22 | #2

    @Jane Diehm
    I’m not having that problem. Maybe try another browser (Internet explorer, Firefox, Google Chrome)

  3. Larry Messier
    March 30th, 2015 at 16:35 | #3

    will the Saudi’s agree to an arrangement with either Russia and or China, to begin using the Yuan as the new oil buying currency? if so, how would this effect our economy and what steps could we take to save our personal investments should the petro dollars start to flood the market?

  4. Robert Yawn
    March 31st, 2015 at 11:01 | #4

    I would prefer transcripts since it takes a few seconds to parse and then read va having to listen (potentially in a busy area) and watch (waiting for the key point all of the while).

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