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Oil prices to fall another US$10 a barrel in 2016: World Bank

A further decline in oil prices could be expected to add to global deflationary pressures.


THE World Bank predicted on Tuesday that the international price of oil could fall further by as much as US$10 a barrel next year, as a result of the lifting of sanctions related to Iran's nuclear programme.

It said in its Middle East North Africa (MENA) Quarterly Economic