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Oil, Saudi Arabia

Oil Takes A Breather As It Prepares To Climb Another Summit

Posted by ⋅ May 9, 2011 ⋅ 2 Comments
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Oil fell nearly $10 in a day, bringing out oil bears with their charts to show how crude will remain weak. But is oil merely catching its breath before it scales new heights? Goldman Sachs thinks so.

Ali Al-Naimi must be feeling vindicated. The Saudi oil minister had noted a few weeks back that there was not much global demand for oil and blamed market speculation for the black stuff’s rally. Read More Here

Discussion

2 Responses to “Oil Takes A Breather As It Prepares To Climb Another Summit”

  1. Thanks for writing

    Posted by Lakesha Mcguffey | May 28, 2011, 11:30 am
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  2. Reply to this comment

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