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International trade

Falling oil prices shake up global economies

Oil exporting nations feeling pinch of low oil prices, oil importing ones feeling some relief
Jonathan Fahey, The Associated Press

NEW YORK, N.Y. - A sudden plunge in the price of oil is sending economic and political shockwaves around the world. Oil exporting countries are bracing for potentially crippling budget shortfalls and importing nations are benefiting from the lowest prices in four years.

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