Slippery Slope For Crude?

Oil prices refused to rise after the Fed cut rates and OPEC declined to increase output.  The seasonal rebuilding of inventories coupled with a possible recession are putting a ceiling on prices.  Some speculate that the price can hit as low as $70 per barrel this year.

http://business.inquirer.net/money/breakingnews/view/20080204-116720/Oil-prices-seen-falling-to-70barrel-this-year

James Sutliff

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