keywords: oil turbulence texas dollar crude
text: Part 1 of 2: Fundamentals the cause of oil price turbulence Last week the price of WTI (West Texas Intermediate) crude was recorded close to US\$50/barrel, a record high, but a level still far lower in real terms than that registered in 1979 -- about \$40/barrel (at the US dollar rate in 1979) -- or the equivalent 