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Commodities Briefing - Categorized | Futures and Options, Oil, Price Watch more

Oil to hit $60 in December futures contracts

Posted on 06 January 2009

From Gulfnews.com: The steepest plunge in crude prices on record may be setting up oil investors for a rally this year, if history is any guide.

The so-called forward curve of futures contracts traded on the New York Mercantile Exchange suggests oil will rise 28 per cent to $60.10 a barrel by December. …. Full Article: Source


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