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Oil Heading Toward $70: Analyst

Wed 03 Sep 08 | 01:40 AM ET
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Oil Heading Toward $70: Analyst

Wed 03 Sep 08 | 01:40 AM ET
"The $110 support line will break eventually and lower prices are ahead," Edward Loef from Theodoor Gilissen Bankiers said on oil. Longer term, "I can expect a decline towards the long-term support line around $70."

Topics:

Commodities  | Investment Strategy
 
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