USO - Power Rankings: Which Countries Matter Most To Crude Oil?

By Bob Iaccino

On March 1, we published a piece titled, "A Global Tour of Crude Oil: Which Countries Matter Most?" In that piece, we ranked countries in order of their influence over crude oil price movement. This was not meant to be a static list in terms of what country placed where, and given the current market environment, it seemed a fitting time to update the ranking. First, the previous list in order of influence:

1. United States
2. Russia
3. Saudi Arabia
4. Iran and Iraq (tie)
5. Venezuela

So, what has changed? Since our last piece, there

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