RIA Novosti: Oil Prices Falling to $60 per Barrel Could Re-Stoke Economic Growth: Expert

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Oil Prices Falling to $60 per Barrel Could Re-Stoke Economic Growth: Expert

Low crude oil prices can become the engine that re-stokes economic growth in the world: expert

05:46 17/10/2014

WASHINGTON, October 17 (RIA Novosti) – Low crude oil prices can become the engine that re-stokes economic growth in the world, Director of Energy Security Initiative at the Brookings Institution, Charles K. Ebinger told RIA Novosti.

“I think we’ll easily see [crude oil] prices go to $70 [per barrel], and I personally think they will go to $60,” Ebinger said on Thursday. Ebinger, however, believes that lower barrel prices will not stay that way for long. He said that the world will see crude…

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