OIL AT ITS MOST IMPORTANT SUPPORT LEVEL IN THE LAST 12 YEARS

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JUST LOOK AT THE CHART AND SEE HOW MANY TIMES OIL TOUCHED THIS LEVEL AND PRICE HAS BEEN SUPPORTED AT THIS LEVEL.

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ملاحظة

The cost-per-barrel of conventional oil production
Saudi Arabia most cheaply, sometimes under $10 a barrel
The Middle East and North Africa as cheaply as $20 per barrel down
Worldwide, conventional oil production typically costs between $30 to $40 a barrel.