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Tue, Jan 6, 2015 Firas Al-Atraqchi (The BRICS Post) 2,126

This article originally appeared at The BRICS Times


As oil prices continue to decline, there are concerns in both Europe and the US that major industry and production could be dragged along in what has so far appeared as a six-month free fall.

In the first major day of trade since the Christmas and new year holidays, benchmark Texas crude plummeted a whopping five per cent to $50 a barrel.