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US Fuel Prices Expected to Keep Falling

As we’ve come to expect, summer brings about a rise in the price of crude oil, but this year, at the beginning of April, a barrel of oil sold for $125 (€94.5) and it has been steadily decreasing to its current price of $120 (€91).
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As there are no supply shortages or refinery problems, it is pretty clear that prices will not reach the $125 (€94.5) price/barrel this year. Easing tensions with Iran may also further improve the situation. However, if  action against Iran over the their nuclear program is taken, coupled with the disruption of supplies from unstable oil producer Nigeria, the price could start fluctuating again.


Unfortunately, when it comes to oil, nothing is certain and unforeseen situations can arise at any moment. We can, however, rejoice at the news and we hope that the downward trend continues as good news on any topic on the World market is hard to come by.
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