Oil Price

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The Focal Project via Wunderstock

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Right now, the price of oil is at a record high. Oil trading has been volatile, and this is bad news for developing countries. The price of oil is going to hurt them the most because they are heavily dependent on it. Oil is used to produce fuel, and it's also a major export for many of these countries. With the price of oil so low, they won't be able to make as much money from exports. This will lead to slower economic growth and more poverty.