World Bank sees oil prices shifting economic dynamics
Washington (UPI) Jan 8, 2015 - The low price of crude oil is expected to last in 2015, shifting incomes from exporting countries like Russia to importers, the World Bank Group said. Crude oil prices are off about 50 percent from their June highs. The market environment is impacting countries like Russia that rely on oil and gas exports for more than half of their revenue. Even in the United States, were crude oil exp ... more
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