Oil Prices Rise
Posted on June 4th, 2009 by joseph
Last year as oil started to drop I had predicted that it would eventually rise and stabilize at $80 per barrel. This number isn’t related to the true demand or supply this is just a number that the oil power players would look to achieve. Shy of $100 yet healthy enough to stem the downward spiral of the producer nation and low enough for the weak economies of the world to sustain.
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