China slowdown could see oil at $25 a barrel, bank predicts

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China slowdown could see oil at $25 a barrel, bank predicts

5th December 2008, 13:50:PM

US investment bank Merrill Lynch says a temporary drop to below $25 - compared with a peak of $147 a barrel this summer - is possible if the global recession reaches China

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Tags: bank, business, global, guardian, investment, recession

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China slowdown could see oil at $25 a barrel, bank predicts

China slowdown could see oil at $25 a barrel, bank predicts

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