21.11.2011 - Oil prices have touched base at $100: Top banker
Oil prices have reached a new base of $100 per barrel and may touch $200 in the medium-to-long term, according to Bank Sarasin. “I have always been a believer that oil prices have a found a new base at $100. Even if we (are to) go into recession, it won’t drop below $70 or $80,” Bank Sarasin chief investment officer Burkhard Varnholt, said...............................................Full Article: Source
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