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Commodities Briefing - Categorized | Oil, Price Watch more

Oil hits 20-month low at $56 a barrel

Posted on 13 November 2008

From FT: Crude oil sank to a fresh 20-month low even as the International Energy Agency warned of a potential global supply crisis due to delays in investment arising from price weakness and the credit squeeze.

The energy watchdog said there was a real risk that under-investment would cause an oil supply crunch with large gaps opening up between demand and supply after 2010 as project delays and cancellations took effect. …… Full Article: Source


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