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Added on the 14/01/2015 13:30:29 - Copyright : Reuters EN
A British employers group has raised its forecasts for UK economic growth this year on the back of low oil prices. Grace Pascoe looks at the significance of the increase and whether other countries are seeing the same boost.
Iraqi Prime Minister Haider al-Abadi says oil price drop "has been a disastrous for us" and could impact ability to fight Islamic State. Rough Cut (no reporter narration).
Iraqi Prime Minister Haider al-Abadi says oil price drop "has been a disastrous for us" and could impact ability to fight Islamic State. Rough Cut (no reporter narration).
The price of Brent Crude has fallen below $50 a barrell for the first time since May 2009 due to slowing global growth and increased supply. Ciara Lee looks at the impact of the drop.
Falling oil prices have begun to hurt well permits, shale lenders, and U.S. corporate junk bond funds. Fred Katayama reports.