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5 Countries Whose Economies Are Being Crushed by Oil Price Collapse


Several countries that produce the world’s crude are getting crushed by low prices.

Oil has collapsed below $37 a barrel, compared to over $100 in mid-2014. Global oil glut, OPEC’s determination to pump like there is no tomorrow, and slowing demand from China and other countries are pushing oil prices to new lows.

Here are the five countries hit the worst.

Venezuela
Saudi Arabia
Nigeria
Russia
Iraq

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