Timeline: How global oil prices fluctuated since the oil shock of 19735 min read 13 Jan 2015, 03:40 PM IST
Prince Al-waleed bin Talal of Saudi Arabia says we may never see a $100 per barrel oil again
On Monday, oil prices fell to their lowest ($46 per barrel) since spring 2009, prompting the billionaire Prince Al-waleed bin Talal of Saudi Arabia to say that we may never see a $100 per barrel oil. He put it down to simple oil economics - lesser demand and an oversupply.
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