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Infographic: World Oil Prices

2014 has been quite a crisis year for the world economy, which is associated with a significant drop in oil prices. The process began in the spring of 2014 and further accelerated in the summer. The decrease in prices is still taking place daily. Currently, the price of a barrel of oil (depending on variety) in the world market is around $60, whereas before the fall it was higher than $110 per barrel. Here’s an infographic showing the rapid plunge of oil prices this year, put in a historic and geopolitical context.

 

world Oil prices