Oil Prices Fall

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www.ambitionias.com
  • Oil prices fell as Asian economies slow down and the prospect of crude output dims.
  • On Feb 1st South Korea posted its weakest export data since 2009.
  • The slump in the export oriented Northern Asian economy is an indicator of slowdown in Asia’s biggest economies.
  • At the same time, the coordinated cut in production by leading exporters like OPEC seems difficult due to differences between producers.
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