Namibia: Oil Prices Positive for Trade Deficit, Foreign Reserves

OIL prices hit their lowest level in over five years on 13 January 2015 when Europe Brent was traded for US$45,13 (N$518,53) per barrel.

On 16 March 2009 oil was traded at US$44,12 per barrel and on 3 September 2009 oil cost the equivalent of N$518,52 per barrel based on the daily exchange rate.

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