Why oil won't fall below $100
Syndicated from Oil Sands Truth on Fri, 2008-08-29
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Why oil won't fall below $100
With a surge in the price of global commodities, it's costing more to produce a barrel of oil than ever before.
By Steve Hargreaves, CNNMoney.com staff writer
Last Updated: August 22, 2008: 3:47 AM EDT
NEW YORK (CNNMoney.com) -- Last week, falling oil prices looked unstoppable. The last few days have seen a halt in that slide. Still with prices well below the record set in July and a shaky world economy threatening demand, the question remains: How low can oil go?
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