Analysts: The oil price could now slide to USD 30
The Chinese currency devaluations could send the oil price down to USD 30 per barrel. A disastrous development for Norway's economy, says oil analyst.
BY OLE ANDERSEN
It is not unthinkable that the oil price could drop all the way down to just USD 30 per barrel in 2016, note several oil analysts citing currency devaluations in China as well as the country's economic growth.
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