Tag Archives: Crude Oil below $40 a Barrel

Oil Plunges to Below $40 a Barrel

Posted on23. Dec, 2008 by admin.

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Crude Oil prices slid yesterday, approaching a four-and-a-half year low as the recent record production cuts from the Organization of the Petroleum Exporting Countries (OPEC) failed to spark a rally in the price of Crude Oil last week. The price of Crude ended the day at 39.71, and appeared to be holding below the $40 [...]

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