Due to decline in global demand of 1.35 million barrels per day when compared to last year, the prices of a barrel of oil has come below $50. The severe economic depression that has lead to a decline in prices due to the excess supply has renewed fresh concerns of a recession.
This entry was posted on Thursday, February 9th, 2012 at 5:08 am and is filed under oil. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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