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You Are Here: Home > Articles > Contributors > Oil Headed for $40
Oil Headed for $40
You Are Here:Home > Articles > Contributors > Oil Headed for $40
Oil Headed for $40
Nov 19, 2008
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EmailNEW YORK-Crude-oil prices could fall to $40 per barrel by April as demand falls and production becomes more cost-effective, Deutsche Bank said in a report released Wednesday. Prices will fall on "a huge overhang of new, more efficient refining capacity addition into an already-oversupplied market," the investment bank said.
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