For 4 years now the oil price (Brent) has been range bound between $90
and $130 per barrel (Figure 2). This is where it settled after the
convulsions of the $148 per barrel peak in 2008 followed by the
financial crash. Recently it has dipped to around the $80 mark and
although we have seen a slight recovery many analysts believe it could
break lower. With the world in turmoil, including OPEC produ
OilPrice.com Daily News Update
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