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Oil price could hit $20 as Opec ditches quotas

 
WTF IS WRONG WITH THIS SHIT!
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12/08/2015 09:35 PM
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Oil price could hit $20 as Opec ditches quotas
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Global oil prices could fall as low as $20 per barrel next year, as Opec’s decision to abandon a formal production quota exacerbates a bulging supply glut.
Speaking as the price of a barrel of Brent crude, the benchmark international contract, slipped 5.2 per cent to $40.75 in New York, the lowest since February 2009, Ole Hansen, head of commodity strategy at Saxo Bank, said it was “difficult to rule out anything”.

Last Edited by Phennommennonn on 01/17/2016 09:52 AM
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12/08/2015 09:36 PM
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Re: Oil price could hit $20 as Opec ditches quotas
China buying less
Butthead

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12/08/2015 10:35 PM
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Re: Oil price could hit $20 as Opec ditches quotas
wasn't it the day speculators that were driving up the price of oil?
back in the day of $20 oil
oil company's still made billions
they were just fucking us all in the ass at 140 a barrel





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