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

World oil prices to remain within USD 50 pb range for next 5 years

Posted on 13 February 2009

From Zawya.com: Oil prices in world markets will long remain within the meek USD 50 per barrel (pb) due to the global economic crisis before starting to rise up to the USD 70 pb level, a new Kuwaiti study said Thursday.

This meant that Gulf countries must cope with the new situation, which is way au contraire to the record high USD 147 pb of July 2008, economy expert Jassem Al-Saadoun, who made the study, said….. Full Article: Source


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