Monday 1 December 2014

OIL PRICE DROPS FURTHER TO $70 PER BARREL

OIL PRICE DROPS FURTHER TO $70 PER BARRELBarely three days after members of the Organisation of Petroleum Exporting Countries, OPEC resisted pressures to cut output; the price of crude oil has dropped from about $75 to $70 per a barrel at the global market.

The latest price level recorded yesterday showed about three dollars below the $73 per barrel reference price which the Federal Government 2015 budget was based.

Read more @ National Mirror

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