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Oil prices to remain over $100/b for ’some time’: BP economist

Posted on 17 November 2011

Oil price will likely remain at current levels at above $100/barrel for “some time” if a new global economic slowdown is averted in the short term, BP chief economist Christof Ruhl said Wednesday.

“There will be a period of muddling through, but the most likely outcome, if the economy is not collapsing, is for oil prices in the current regions for some time to come,” Ruhl told an oil conference in London……………………………………..Full Article: Source


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