OPEC
Prices Fall On Economic Growth Concerns
OPEC Basket prices sunk below the $100/B mark for the first time since last July as concerns mounted that the global economic recovery was at risk of derailment.
Eurozone fears in the wake of the Cypriot debt crisis (see p19) and worries over the trajectory of Chinese growth were the two main drivers of market angst.
“It is mainly bad economic news – lower Chinese growth and Cyprus that is behind the price...
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