So too does the modest recovery of a portion of oil value in the first half of 2009, which saw a more consistent gain in cost due to the shifting impact of the American dollar and the Euro. As a recent report from the Dow Jones Newswires denotes, "Oil gained some ground earlier, propped up by a weaker dollar, after a report showing that consumer confidence was rising in Germany, raising hopes that the worst of the downturn had passed. A weak dollar pushes investors into commodities as a hedge against inflation." (Iacob, 1) As a result, today, the global oil price stands at just a few cents above $69 per barrel. (Bloomberg, 1)

The current condition of war and economy has, likewise, cast a shroud of haziness over the oil market. And the Organization of Petroleum Exporting Countries (OPEC) has done its part to contend with the difficult uncertainty....
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