24 jul 2008 ano - oil prices

Descrição:

In July 2008, oil prices rose to a record high of $147 a barrel following concern over recent Iranian missile tests. However, prices declined to just $33 a barrel in December, less than a quarter of the peak price reached four months earlier. A strong contributor to this decline was the drop in demand for oil in the USA, as well as the global equities slide.

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