Oil prices keep declining

Oil prices keep declining
# 15 December 2008 08:14 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. U. S. crude oil fell $1.70 to $46.28 a barrel, after falling below $44 earlier. London Brent crude went down 98 cents to $46.41 a barrel.
Crude’s wild swings Friday capped a volatile week, with oil prices surging behind a weaker dollar and the potential for severe production cuts from OPEC.
U. S. bank Goldman Sachs, which earlier this year had predicted $200 per barrel oil, virtually halved its 2009 price forecast for U.S. crude to $45 a barrel and said the price could fall to $30 in the short term, hitting a trough in the first quarter.
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