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Oil price: going up, down and sideways - before becoming static...

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High oil and gas prices in August

Although the price of crude oil is in decline, the rate of the fall is being dampened by the high gas prices. In this context, a serious crash is unlikely, as the upthrust of the high gas prices seems to be slowing down the downward movement. The price of LNG, liquified natural gas that is currently almost twice as much in price as it was at the same time last year, has become a dominant factor when it comes  to determining the crude oil prices.- in addition to the fears of recession, of course.

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