oil prices

Rising oil prices add to global economic strife

Escalating tension in the Middle East is driving up oil prices, a huge import cost for many economies, putting more strain on global growth already hurt by the trade war being waged by U.S. President Donald Trump and weakening consumer confidence, reports Trend with reference to Reuters
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Oil prices ease

Oil fell on Friday after sharp gains in the previous session when prices were boosted after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude flows through one of the world’s key shipping routes, Trendreports citing Reuters.
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Era of high oil prices over - Azerbaijani expert

The formation of world oil prices depends on a number of factors that are not always directly related to the economy, leading Azerbaijani economist, Professor Elshad Mammadov told Trend predicting further changes in oil prices in the context of the current deterioration of relations between Iran and the US.
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