Global oil impact: Who's hurting, happy, hopeful
NEW YORK (AP) — Oil's plunge is spreading both pain and gain across the globe./ The price of a barrel has fallen by about half since June, punishing the economies of some major exporters. Russia's currency has nose-dived, for instance, and investors worry Venezuela could default on its debt. For countries that consume a large amount of the world's oil, it's a different story. The world's four biggest economies — U.S., China, Japan and that of the European Union — all benefit from lower oil prices. "Economically this is a good thing for the ...
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