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Cheaper oil could continue into 2015, to global benefit

Wednesday, December 10, 2014 - 05:50

IN the past two weeks, the oil price plunge has accelerated, capping a year in which oil has lost more than one-third of its market value. Crude oil, for instance, has fallen 36 per cent this year alone as it dipped to below US$70 a barrel.

The impact of the oil price decline has

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