14.12.2011 - Global oil prices may see drastic fluctuations
According to research findings released by the Chinese Academy of Social Sciences, global oil prices will fluctuate around the benchmark scope of 79 U.S. dollars to 90 U.S. dollars in 2012. The oil prices will usually return this interval after a single deviation unless a significant permanent change in the world's economic and political structure occurs, according to the academy. Domestic demand for oil is increasing year by year due to the vigorous development of China’s economy. However, domestic oil production is not keeping up with the increasing demands and is even stagnating..............................................Full Article: Source
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