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Oil price plunge reshapes global markets in 2014
In 2014 oil swung from above 100 dollars to half that level as demand weakened and supply surged. U.S. production rose to about 9 million barrels per day while prices dropped to around 2.38 a gallon, boosting some sectors and hurting oil reliant states and exporters.
MENTIONED IN THIS ARTICLE
New York
U.S
Iraq
OPEC
Libya
Canada
China
Japan
Europe
Alaska
North Dakota
Oklahoma
Texas
Iran
Russia
Venezuela