Saturday, May 22nd, 2010
Strong dollar saves OPEC from large losses in exports of oil, putting into question the willingness of OPEC to defend a certain price. This month, oil futures have fallen in price on American sites by 26%. 18-month intraday maximum of $ 87.15 per barrel on Thursday replaced a minimum of $ 64.24 per barrel. This is the lowest point since July 30. On Thursday, crude oil price set at $ 68.01 a barrel on the background of large stocks of raw materials, problems in Europe and the stock market crash.
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