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Oil+Prices+Tumble+16%25+in+July%3A+Is+the+Next+Stop+%2435+per+Barrel%3F
Sunday, 31 July 2016 - 12:59
Oil Prices Tumble 16% in July: Is the Next Stop $35 per Barrel?
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The recovery in world oil prices since the February low of $27 per barrel has died an unceremonious death due to flagging demand and massive market oversupply.

Oil prices moved downward to the lowest level since April 6th sounding alarms for commodities traders and countries whose economies are dependent on energy revenues with analysts predicting that the worst is still yet to come.

Brent crude broke past the 42 Dollars a barrel resistance level tracing into bear market territory.

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