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Oil prices ‘may drop to $25 a barrel next year’

Posted on 18 December 2008

From Gulf-daily-news.com: Crude oil will fall to $25 a barrel next year, Chinese growth will slow to zero, stock markets will continue to fall and the commodities bubble will burst.

Those are some of the prediction made by Saxo Bank for the year ahead in a forecast, which it admits appears outrageous. But it adds that the year will be a turning point, because things can’t get much worse. …. Full Article: Source


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