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Commodities Briefing - Categorized | Oil, Price Watch, Research more

Will oil prices recover after tanking in 2008?

Posted on 30 December 2008

From Telegraph: The oil price gyrated wildly in 2008, hitting an all-time high above $147 a barrel on July 3 – followed by four-year lows. The big question now is: Where next?

Until the credit crunch saw global markets freeze, demand for oil had been rocketing, mainly because of rapid development in countries such as India and China….. Full Article: Source


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