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The Oil Patch

November 10, 2017

KABOOM! — The price of an OPEC barrel finally did it—breaking the $60 barrier and rising to $61.05 on Monday. That’s the highest price for an average OPEC barrel in more than two years, since June 12, 2015.  But oil was then falling rapidly and ended up in the mid-$20 early in 2016.  The price has been slowly and erratically recovering ever since then.

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