Oil’s era of $US100 a barrel is over

Original article by Stephen Cauchi
The Australian Financial Review – Page: 25 : 3-Dec-14

The price of Brent crude oil fell by 0.5 per cent to about $US72 per barrel on 2 December 2014, compared with a year-to-date high of $US112 in June. Citigroup has warned that the oil price is unlikely to rise above the $US100 level in the long-term. The firm suggests that global economic growth would be boosted by an average of 0.08 per cent over the next four years if the oil price falls by a further $US10 per barrel

CORPORATES
CITIGROUP PTY LTD, WOODSIDE PETROLEUM LIMITED – ASX WPL, ORGANISATION OF PETROLEUM EXPORTING COUNTRIES

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