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Petrodollar drought is new risk for markets

Wed, Jan 07, 2015 - 5:50 AM

Low oil prices hurt energy producers; they may hurt financial markets too.

PHOTO: REUTERS

LOW oil prices hurt energy producers; they may hurt financial markets too.

For years, energy windfalls were large enough to give major oil-producing nations surplus cash. Exporters accumulated foreign exchange reserves and put money into funds which aimed at stabilising economies, paying...

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