The Real Price of Oil Is Far Lower Than You Realize - Bloomberg Business:
"While oil prices flashing across traders’ terminals are at the lowest in a decade, in real terms the collapse is even deeper.
West Texas Intermediate futures, the U.S. benchmark, sank below $30 a barrel on Tuesday for the first time since 2003. Actual barrels of Saudi Arabian crude shipped to Asia are even cheaper, at $26 -- the lowest since early 2002 once inflation is factored in and near levels seen before the turn of the millennium."
'via Blog this'
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