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Fall in the price of crude oil
Monday, 09 April 2012
The price of crude oil has fallen to just over a hundred dollars a
barrel on the stock exchanges that have been opened up in Asia after
the Easter break.
A barrel of oil cost $102 this morning European time. A month ago same
product cost $110 a barrel. The cause is believed to be based on the
hope that there would be the possibility to find a diplomatic solution
to the dispute over Iran's nuclear program.
A number of world powers are to discuss the issue at a meeting in
Istanbul, which begin next Friday. In October, it oil cost $75 a
barrel, but since then the fear of a military attack on Iran pushed oil
prices on world markets.
By Scancomark.se Team
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