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LOWER OIL PRICE OFFSET BY DOLLAR’S STRENGTH
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LOWER OIL PRICE OFFSET BY DOLLAR’S STRENGTH

Although Brent crude oil’s price has fallen about 25 percent from its high of $128 a barrel last March, oil importers are hard pressed to see much difference: the dollar has gained about 15 percent in value since then, forcing importers outside the U.S., including China, the European Union (EU), and India to still pay premium prices in their own currencies to settle their oil bills.

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