Sentences with phrase «oil prices dropped sharply»

Oil prices dropped sharply despite ongoing tensions in the Middle East, with the regime of longtime Libyan leader Moammar Gadhafi recapturing lost ground from rebels and Saudi Arabian troops entering Bahrain to help out the embattled rulers.

Not exact matches

Additionally, prices for its major commodity exports - crude oil and palm oil - have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis of the late 1990s.

Oil prices fell sharply with WTI slumping more than 1 percent to $ 44.35 a barrel and Brent dropped 1.2 percent to $ 46.84.

Prices for major commodity exports crude oil and palm oil have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis in the late 1990s.

While we believe that temporary factors have amplified the drop in services inflation, the ECB will likely worry about potential second - round effects of lower oil prices and currency appreciation on the price of some other (non-energy) goods and services, including on Non-Energy Industrial Goods inflation which fell sharply, from 0.7 % to 0.3 % in February.

But in his book, Dr. Lomborg cites figures from the United States Census Bureau, the International Monetary Fund, the World Bank and the European Environment Agency to show that the rate of world population growth has actually been dropping sharply since 1964; the level of international debt decreased slightly from 1984 to 1999; the price of oil, adjusted for inflation, is half what it was in the early 1980's; and the sulfur emissions that generate acid rain (which has turned out to do little if any damage to forests, though some to lakes) have been cut substantially since 1984.

While these statistics confirm the overwhelming economic impact of the drilling industry, the obvious question emerges: how sharply have these and other markets been hit by the drop in oil prices since the start of 2015?