The price of oil is at a record low, with a barrel less than half of what it cost a year ago. Why is the price dropping and what might be the consequences?
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The German statistics office, Destatis, has reported a drop in annual inflation to zero percent in February, down from 0.5 percent in January, and following further declines in energy prices over the winter.
Has the oil price finally hit a turning point? More investors are banking on reduced output and rising prices. This is a good thing, to a certain extent, Rolf Wenkel finds.
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British oil major BP has reported its biggest annual loss in more than two decades because of a sharp drop in oil prices. The company aims to stem the decline with job cuts and delaying investments.