Sentences with phrase «sudden drop in oil prices»

Not exact matches

The region in recent years has seen investor sentiment rattled by developments such as the drop in oil prices, the war in Syria and a sudden corruption purge from Riyadh.

There are any number of theories explaining the sudden drop in crude oil prices after two years of stability: America's increasing supply, the world's faltering demand, an undeclared price war being waged by Saudi Arabia, the rising U.S. dollar.

This is mainly due to two unforeseen events: the drop in iron ore prices and the sudden collapse of the oil price.

The second shock was the sudden drop in resource prices, particularly for oil, which represented a significant loss of income for the nation as a whole — something in the range of $ 50 billion to $ 60 billion per year.