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Gulf Cooperation Council Strong Enough To Take The Pain Of Falling Oil Prices

by Standard & Poors [More Info]

In recent months, global oil prices have been falling precipitously, with the spot price for Arabian Light Crude almost halving between July 2008 and the present. The deteriorating outlook for the global economy and subsequent slowing demand for oil, combined with a strengthening of the U.S. dollar, are two of the main drivers behind the fall.

Access : For Public
Pages : 13
Category : Markets

Cost : Free
Date Published : 2008-10-23

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