MIKE WOOTTON
MIKE WOOTTON

THE oil price in April 2009 was about the same as it was in 2004 and as it is again now, hovering around $52 per barrel. The 2009 price followed an exceptional peak in 2008 of $140 barrel. Following the 2009 “low,” it started its inexorable rise back to an average of around $120 barrel between 2011 and 2014.

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