Oil Price
There is a story in today's The Gulf Today newspaper that says that the UAE will be significantly reducing its output of oil for 40 days later this year. This is so that they can carry out essential maintenance of their equipment.That's the world's fifth largest oil exporter cutting output by up to 7.5%.
Did the price of oil rocket today? Has there been a price spike?
And they say recent surges in the price of crude oil is based on supply and demand.
My @rse!!!
Duncan Williamson
Sent from my BlackBerry® wireless device
posted by Duncan Williamson @ 3:08 PM
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