Oil Investing News » Budget Deficit may fizzle out as Oil sold at $70

Budget Deficit may fizzle out as Oil sold at $70

June 24, 2009 @ 11:40 am In Oil Market News

Economic outlook for the country has shifted remarkably as the Federal Government's deficit budget is likely going to fizzle out due to surge in crude oil prices to above $65 per barrel in the international markets, Renaissance Capital has stated.

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