Falling oil prices to below $ 40 a barrel after the failure of OPEC to cut production
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BAGHDAD - Iraq Press - 7 December / December: Record oil prices, on Monday, dropped sharply, affected not to reach the Petroleum Exporting Countries (OPEC) at its meeting which concluded a few days ago, where US crude record in the first trading session after OPEC 39.58 Meeting dollars per barrel, down 39 cents worth.
As the impact of the failure of OPEC members to agree on targets for the production to reduce oversupply in the market on the price of Brent crude, who scored in turn decrease the value of 16 cents to $ 42.84 a barrel, reaching oil prices do to the level close to the prices recorded when the global financial crisis in 2008 -2009.