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Oil business will still boom as long as people still use different oil products,the low price of oil should not stop the profitability of the business because whatever the new price is then that is the price at which you will buy then you add your own profit to it as the selling price,the only people that might be affected by the oil price were those that bought it at a high price and now will have to sell it at the new price which is lower than the buying price
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