Wednesday 19 December 2018
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inquirer - 3 month ago

More inflation worries as crude oil prices seen to go up

Crude oil prices might break the $80-per-barrel threshold in the coming months amid threats to production capacity, exacerbated by depreciating currencies in developing countries and the effects of trade disputes among global economic giants. According to the International Energy Agency, the oil market is entering a very crucial period considering adverse production outlook in Venezuela, Libya and Iran. The situation in Venezuela could deteriorate even faster, strife could return to Libya and the

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