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Few petroleum executives imagine returning to a world where oil prices trade at $20 a barrel, their average throughout the 1990s.
In this section Overview Output, prices and jobs The Economist commodity-price index Commercial-property prices Trade, exchange rates, budget balances and interest rates Markets The world's biggest banks Reprints.
But only for now.In this section Overview Output, prices and jobs The Economist commodity-price index Commercial-property prices Trade, exchange rates, budget balances and interest rates Markets The world's biggest banks Reprints.
Now many of them do.In this section Overview Output, prices and jobs The Economist commodity-price index Producer prices Trade, exchange rates, budget balances and interest rates Markets Global OTC derivatives Reprints.
But even on this basis the way that governments have chosen to deliver it distorts prices, trade and behaviour, at huge cost.Better targetingA sounder system would aim directly at what is desired.
In this section Overview Output, prices and jobs The Economist commodity-price index Heroin prices Trade, exchange rates, budget balances and interest rates Markets World's biggest bank losses Reprints.
Similar(40)
Bond prices traded in a tight range, an indication that investors were nervous about the economy.
Gold prices traded at 28-year highs of more than $860 an ounce.
Crude oil prices traded above $50 a barrel Tuesday before settling at $48.58, down 23 cents.
Markets responded immediately by driving down the value of the yen against the dollar, with spot prices trading at 81.45 yen to the dollar Friday morning.
See articleOil prices traded at around $65 per barrel as oil companies in Texas said that Hurricane Rita had a limited effect on their refining capacity.
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