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Why oil prices are falling, and what that means for the
Published : 14-04-2015 - Duration : 02:03 - View : 15
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Oil prices have fallen nearly half from around $110 per barrel in June to about $59 per barrel on Friday. Experts warn that the oil industry could be in serious trouble if prices remain too low.Although Citibank analysts estimate that the oil market is already oversupplying about 700,000 barrels of oil per day, according to Bloomberg Businessweek, ...
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