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Friday, July 25, 2014

$200 per barrel oil if Russia sanctions escalate

http://rt.com/business/174908-sanctions-russia-global-meltdown/

`If the standoff with Russia and the West reaches a point where the EU has to completely cut trade with Russia, oil prices could soar above $200 per barrel, sparking a global economic crisis, says Adam Slater, senior economist at Oxford Economics.''
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