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Further, the sharp decline in nearly all commodity prices and the weakening in commodity currencies creates headwinds for oil demand in the commodity producing emerging markets in Latin America and the Middle East. Historically these regions didn’t contribute much to oil demand, today they do.

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Reuters 9 years ago

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    "Goldman Sachs Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.quotes.net/citizen-quote/28250>.

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