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Fall in oil prices to help economic recovery -Saudi Oil Minister

Posted on 15 January 2009

From Reuters: The steep fall in oil prices in recent months does not reflect market fundamentals but will help economic recovery, Saudi Oil Minister Ali al-Naimi said on Wednesday.

“The price of oil … has declined in recent months by more than 70 percent since reaching their highest level in July — a drop that will play a major role in aiding economic recovery,” he told the Petrotech conference in New Delhi….. Full Article: Source


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