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Oil Headed for $40
Nov 19, 2008

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Dr. Mark J. Perry

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NEW 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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