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Oil at US$50 is 'gift to world' as Abu Dhabi sees higher prices

Tuesday, October 27, 2015 - 05:50

Abu Dhabi

OIL at US$50 a barrel is a "gift to the world" as prices should be low enough to spur economic growth, according to the head of Abu Dhabi's Department of Economic Development.

Prices will probably be at US$60 next year, after hitting bottom at US$45, Ali Al Mansoori, the

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