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Oil: A Geopolitical Conundrum

Arguably the biggest business headline during the past few months has been the sharp decline in oil prices worldwide. Since the middle of June, Brent crude oil has fallen from a peak of $115 a barrel to under $50. And it doesn't look like it's going to get any better, with Goldman Sachs claiming oil needs to hit a $40 low in order for market equilibrium to be…