07.11.2008 - Crude oil will climb to US$90 by Q2 2009: First Energy
From Nationalpost.com: Yes, the oil market is ugly right now -- “We are projecting that global demand will contract by about 30,000 barrels per day in 2008, the first such decline since 1985,” the First Energy analyst said in a note -- but it is going to get better. And soon. “We think the biggest mistake that many on the Street are making is to have become far too negative on demand prospects in the medium-term and, more importantly, grossly overestimating the buoyancy of supply in 2009 and beyond..... Full Article: Source
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