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Commodity Trading Discussion Forum

Re: Oil will stay above $120 per barrel

Posted By: hugo
Date: Wednesday, 7 May 2008, at 10:58 p.m.

In Response To: Oil will stay above $120 per barrel (Daniella)

Famous last words.

Everybody is watching crude now. The media finds the most extreme predictions to heighten the drama.

Demand should be dropping as the squeeze is being felt. Crude is probably on its final ascent. Picking a top is the game now.

hugo

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