Oil slides from $70, CTO turns to Rus­sia

Financial Mirror (Cyprus) - - FRONT PAGE -

Ten­sion among ma­jor oil pro­duc­ers was pres­sur­ing crude prices to fall be­low $70 as Iran’s out­put could be cut due to its nu­clear pro­gramme, while at home, the CTO openly in­vited Rus­sian in­vestors to take part in the cre­ation of 11 new golf courses, ac­cord­ing to the is­sue 666, on April 12, 2006.

Crude oil fu­ture turned neg­a­tive and fel­low be­low $70 a bar­rel as un­rest in Nigeria and ten­sions be­tween Iran and the West over Tehran’s

Oil slides:

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