World Oil Price Prospects

World Oil Price Prospects ISG WORLD oil price declined from $ 28 a barrel towards the end of November 1985 to $ 10 a barrel in the last week of April 1986, thus registering a decline of close to two- thirds. In real terms, the decline was even sharper because this was also the period during which the dollar dropped considerably vis-a-vis the major currencies like the yen and the mark.