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Oil price and OPEC

Posted on 23 March 2009

From Triumphnewspapers.com: Oil prices collapsed from a record US$147 per barrel last year to less than US$40 dollars some weeks back, shocking oil producing nations from their temporary economic zone of comfort into the painful embrace of a shrinking world economy following a financial meltdown in the leading economies on earth.
The downturn in the global economy is graphically illustrated in the massive decline in international trade…..Full Article: Source


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VRS - who has written 36109 posts on Opalesque Commodities Briefing.


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