Wednesday, January 27, 2010

Oil is headed below $70 sooner or later - WSJ

With fuel consumption weak, "there is no reason for refiners to ramp up demand for crude," said Brad Samples, analyst at Summit Energy in Louisville, Ky., who said he expects prices to soon drop below $70 a barrel for the first time since mid-December

http://online.wsj.com/article/BT-CO-20100127-714070.html?mod=WSJ_World_MIDDLEHeadlinesEurope

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