Markets

Oil price slump takes gloss off Paris climate deal

Published December 14, 2015 Updated December 14, 2015 04:16pm

1 min

By Shoaib Ur Rehman

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LONDON: Brent crude trading close to an 11-year low could be a big boost to global growth. But at least in the short-term, the cheaper oil price will stoke fossil fuel demand.

Even if the Paris accord helps longer-term, both oil prices and consumption are set to tick up.

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