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Brent crude - US$/barrel - 2006, 2007, 2008.

Financial Mail

| December 12, 2008 | COPYRIGHT 2001 Johnnic Communications. (Hide copyright information)Copyright

The price of Brent crude fell 24% last week, marking the biggest weekly decline in 17 years. Crude oil has fallen more than US$100 since reaching a record high of $145/barrel in July this year. The sharp decrease has come amid rising speculation that a recession in developed countries could spread to emerging economies, including China, …

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