Oil prices on a slippery slope | DW Business

DW (English) 2015-08-12

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Read more: http://www.dw.com/en/opec-cheap-oil-a-blunt-sword-against-rival-suppliers/a-18641773

Oil prices are sliding on the world markets due to a glut of the precious resource led by OPEC member Saudi Arabia, trying to grind the competition’s gears. Supply is up generally due to less turmoil in oil-producing states, while demand remains low.

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