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Oil Prices: The perfect storm may blow over

Started by tfn · 1 year ago

[Raising production has not] been enough to curb the buying frenzy this spring. Goldman Sachs has warned that prices could reach $200 in a final spike, and even the bears at Lehman Brothers say there may be enough momentum to keep the boom going until Christmas.

It is unclear whether hedge funds and investors piling into [...]
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