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Oil prices aren't the effect of the recession

posted by Avatar fahrell 1085 days ago in USD, Oil made popular 1085 days ago

When global credit evaporated in the wake of the 2008 subprime mortgage crisis, oil prices tumbled along with the values of the world’s stock markets. Seemingly overnight the price of a barrel of oil plunged from an all-time high of $147 (U.S.) a barrel to as low as the high $30s.
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