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Why crude oil price is zooming

May 26, 2008

On January 21, 2008, the price of crude oil per barrel in the international market was $88.92.

India is worried; the world is worried.

Last year, around this time, no one thought in his wildest imagination that crude oil prices would just go zooming like the way they are doing now.

Image: A worker riding a forklift among drums of oil in Jakarta. | Photograph: Adek Berry/AFP/Getty Images

Also read: Inflation, the silent killer!

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