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The Oil Patch

November 27-2015

Econ 11-27-15LOW — It is now six days straight that the price of an OPEC barrel has stayed below $40.  The monthly average (below) has dropped under the previous low point set last January.  The prospects are not good if you are writing a budget in Tehran, a budget that will be submitted to the Maljis in days.  The prospects are quite good, however, if you are planning to drive across the United States or heat a house in Minnesota.

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