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Economy / Kuwait

Implications Of US$50/bbl Oil And Global Slowdown

November 2008 | Economic Analysis

Though it is currently trading at around US$52/bbl, front month Brent crude briefly touched US$50/bbl today (November 13), a level we first mentioned in August (see Commodities Over The Edge, August 5) when it had only just dipped under US$120/bbl. This dramatic collapse in prices and the gloomy global economic outlook will have mixed consequences for the Jordanian economy.

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