Tuesday, February 21, 2012

Chart of the week: oil dependency

 

The price of Brent crude oil hit an eight-month high last week, and is currently trading at more than $120 per barrel as fears escalated that Iran, the world’s third-largest oil exporter, could cut its exports to the European Union.

How much do emerging markets depend on oil for their energy – and who wins and who loses from high oil prices? Chart of the week investigates.

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