Oil price has dropped to record low as Iran’s crude output hits record highs

Oil prices have fallen below $50 per barrel for the first time in nearly three months, as Iranian crude output soared.The global benchmark fell below $52.60 per barrel in London and was around $50.80 a barrel on Friday in New York.The Organization of Petroleum Exporting Countries (OPEC) has set the price for its key oil-producing […]

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