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  • Member countries of the oil exporting countries lost 700 billion dollars due to cheapen oil Member countries of the oil exporting countries have lost about 700 billion dollars because of falling oil prices, said in...

    Member countries of the oil exporting countries lost 700 billion dollars due to cheapen oil


    Member countries of the oil exporting countries have lost about 700 billion dollars because of falling oil prices, said in...
  • Inflation in Europe at lower level than nine months. Europe is in recession officially Inflation in Europe, which is now officially in recession, is its lowest level for October of nine months since it...

    Inflation in Europe at lower level than nine months. Europe is in recession officially


    Inflation in Europe, which is now officially in recession, is its lowest level for October of nine months since it...
  • New tumbled in sales of cars in Europe Registrations of new cars in Europe in October fell by 14.5 percent on an annual basis after falls of 8.2...

    New tumbled in sales of cars in Europe


    Registrations of new cars in Europe in October fell by 14.5 percent on an annual basis after falls of 8.2...
Business arrow Finances and Markets arrow The price of oil could fall to 70-80 dollars for a barrel

The price of oil could fall to 70-80 dollars for a barrel
Tuesday, 29 July 2008
In the strong dollar price for barrel of oil may decrease to 70-80 dollars, and together with it to fall and geopolitical tensions between the U.S. and Iran, reported in a statement Shakib Helil - Chairman of OPEK and Algerian oil minister.
The price of oil in London and New York, went down in less than two weeks by around 25 dollars and be set at $ 125 for a barrel.
 
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