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Oil to trade below $100 next year, analysts say
- Middle East: Wednesday, October 15 - 2008 at 09:52
Oil prices will average less than $100 next year as consumers cut back on fuel consumption following the financial crisis, according to a survey of crude oil analysts by Bloomberg. Crude oil has fallen 45% since a record high of $147.27 on July 11 to trade at $81.43 in New York yesterday.
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Jeff Florian, Senior ReporterWednesday, October 15 - 2008 at 09:52 UAE local time (GMT+4)
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