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$100 Oil Price May Be Months Away, Say CIBC, Goldman (Update1)
By Mark Shenk
July 23 (Bloomberg) -- The $100-a-barrel oil that Goldman Sachs Group Inc. said would prevail by 2009 may be only a few months away.
Jeffrey Currie, a London-based commodity analyst at the world's biggest securities firm, says $95 crude is likely this year unless OPEC unexpectedly increases production, and declining inventories are raising the chances for $100 oil. Jeff Rubin at CIBC World Markets predicts $100 a barrel as soon as next year.
http://www.bloomberg.com/apps/news?pid=20670001&refer=home&sid=ajxtV4oWcHk0
Do you actually work in the oil industry ?
By Mark Shenk
July 23 (Bloomberg) -- The $100-a-barrel oil that Goldman Sachs Group Inc. said would prevail by 2009 may be only a few months away.
Jeffrey Currie, a London-based commodity analyst at the world's biggest securities firm, says $95 crude is likely this year unless OPEC unexpectedly increases production, and declining inventories are raising the chances for $100 oil. Jeff Rubin at CIBC World Markets predicts $100 a barrel as soon as next year.
http://www.bloomberg.com/apps/news?pid=20670001&refer=home&sid=ajxtV4oWcHk0
Do you actually work in the oil industry ?