November 28, 2014

Oil prices at 4 year low


Alarm bells ringing in Russia, Saudi Arabia over balancing of budget which would balance only if oil prices were $100 or above.

With less discretion money at disposal , war and terrorism funding is likely to reduce in 2015. Cutting oil production to raise prices too would be counter productive as that too means less money from oil sales.




Rouble hits new record low of 48.36 per USD


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