Tuesday, April 3, 2012

A studied risk on extortionate oil prices

The Organisation of the Petroleum Exporting Countries (OPEC) pushed its combined oil output up to its highest level since 2008 in February this year as demand continued to rise and fears rose over the threat of military action against key producer Iran.

If oil prices were to fall and stay low, says Said Hirsh, chief economist at London-headquartered Capital Economics, the impact on spending could be severe
Copyright 2012 Al Hilal Publishing & Marketing Group

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Source: http://www.albawaba.com/taking-calculated-risk-high-oil-419348

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