Oil prices plummet

Karlysymon

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The financial crisis in Russia in 2014–2015 was the result of the sharp devaluation of the Russian ruble beginning in the second half of 2014.[1][2][3][4][5][6] A decline in confidence in the Russian economy caused investors to sell off their Russian assets, which led to a decline in the value of the Russian ruble and sparked fears of a Russian financial crisis. The lack of confidence in the Russian economy stemmed from at least two major sources. The first is the fall in the price of oil in 2014.

Other oil producers were affected at that time because of a fall in oil prices, Venezuela included. One wonders what will happen this time around.
 

UnderAlienControl

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UnderAlienControl

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Lisa

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The black gold they can't give away: In these surreal days, nothing is more bizarre than oil prices turning 'negative'... and we could all end up paying the price, writes TOM LEONARD
 
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