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Expert shows the reasons for the rise in oil prices dramatically, despite OPEC's agreement
Date: 12/22/2016 09:15
Information / Baghdad ..
He attributed the economic expert Basil al-Obeidi, Wednesday, oil prices not rising significantly to the fear of most oil-importing countries to buy large quantities lookout for price stability, pointing out that the arrival of the price per barrel of about $ 55 is not enough compared to the current conditions.
Obeidi said in a statement / information /, that "any significant rise in oil prices depends on the commitment of the Petroleum Exporting Countries, OPEC's decision to reduce and freeze the product," noting that "exceeded price per barrel of about $ 55 is not enough compared to the season of winter, which brings the global demand for peak ".
He said al-Obeidi, that "all oil-importing countries are afraid to buy oil in large quantities to the lookout stability of oil prices, this is the real reason of the non-arrival of the price of oil to around $ 70 per barrel," .anthy / 25 d
http://almaalomah.info/2016/12/22/economic/115328
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