1945

The international oil market

For almost the whole of 1987, international oil prices remained within a narrow range of $17 to $18 a barrel, higher than the average price of approximately $14 a barrel in 1986 but well below the price of $28 a barrel which had prevailed in the previous three years. Oil demand continued to increase, although at a lower rate than in 1986.

Related Subject(s): Economic and Social Development
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