Summary
OIL prices in 2003 were the highest in nominal terms for 20 years, with dated Brent averaging $28.83 a barrel (35 gallons), says BP.
But, even with crude now above $40, it is "cheap as chips" against $138 for a barrel of Safeway milk and $246 for a barrel of Evian mineral water, says Deutsche Bank.See the full content of this document
Extract
Milk and Water Take the Biscuit
It says the price of oil is "not at extreme ...
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