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Oil price: Bounce ahead?
As economic growth sags to levels unprecedented in recent years across the world, India has had some cause for joy from the southward-bound global crude oil prices. From a high of $147 a barrel as late as July 2008, oil prices shaved-off more than 70 per cent to skirt around $40 in December. If erstwhile crude oil bulls are to be believed, then the slide shall continue, maybe towards the $25-30
As economic growth sags to levels unprecedented in recent years across the world, India has had some cause for joy from the southward-bound global crude oil prices. From a high of $147 a barrel as late as July 2008, oil prices shaved-off more than 70 per cent to skirt around $40 in December. If erstwhile crude oil bulls are to be believed, then the slide shall continue, maybe towards the $25-30
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