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1.Market Observations, 8.Was Sticky

30 Dec 2015 (TheAge) – Saudi Arabia’s budget blowout sends petrol prices rocketing

(30 December 2015, TheAge, BusinessDay, p19, Brian Robins,  View more articles from Brian Robins)

‘Humbled by the slumping oil price, Saudi Arabia, long the world’s major oil producer, has been forced to take an axe to government spending by slashing a host of subsidies – including the price of oil. As a result, Saudis will be faced with steep rises in the price of petrol and a host of other charges as a range of government subsidies are reduced. ‘

Read more at TheAge.com.au

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Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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