Kremlin squeeze of Yukos bullish for oil prices

There's a possible new wild card in play that's supportive of higher prices in the near to middle term. And it comes from a player hitherto thought to be one of the biggest near to middle term threats to the Organization of Petroleum Exporting Countries' efforts to defend oil prices: Russia.The squeeze by the administration of Russian President Vladimir Putin on OAO Yukos last week startled market-watchers. The arrest of Yukos Chairman and CEO Mikhail Khodorkovsky on fraud and income tax evasion charges was a little less surprising, as the animosity the former KGB boss has displayed toward the politically ambitious head of Russia's most dynamic and Western-oriented giant o...

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