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Commodities Briefing - Categorized | Oil, Price Watch more

IEA’s Birol says oil prices still too high for economic recovery

Posted on 12 September 2013

Fatih Birol, the International Energy Agency’s chief economist, comments on price of oil. He spoke in an interview today in the Chinese city of Dalian, where he’s attending the World Economic Forum’s Annual Meeting of the New Champions.
“Oil prices are still very high for the fragile economic recovery. It’s high for Europe and also too high for developing Asian countries. It is more than welcome that prices are going down a bit” and providing room for an economic recovery………………………………………..Full Article: Source


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