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What Low Oil Prices Really Mean

Oil

What Low Oil Prices Really Mean

Harvard Business Review - Bernhard Hartmann and Saji Sam

Since the start of 2016, oil prices have swung between $27 and $42 per barrel, about a quarter of the 2008 peak crude oil price of $145. On February 16, oil ministers from Saudi Arabia, Russia, Qatar, and Venezuela agreed to a tentative deal to freeze their production in an attempt to boost prices. …

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