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During periods of economic growth, societies often have to deal with higher oil prices. As economic expansion leads to high demand for all types of businesses (e.g., construction, travel, etc.), the price of oil tends to rise besides consideration related to its own supply and demand levels. Nowadays, due to the coronavirus economic shock, one cannot ignore the irony of wishing for oil prices to recover to normal levels.
Beyond the Negative Shock
In April…
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