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Has the world accepted the new above $100 crude oil prices?

Created by : Ranjan Bhaa, Product Development Manager, ONGC  | 09 07 2008 11:20:28 +0000
Industry : Oil & GasFunctional Area : Prices(Others)
Keywords : World Crude Oil Oil Prices Above Accepted
Activity:  169 views;  last activity : 07 06 2010 20:18:09 +0000
 
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in my view this is not true that world has accepted the price of $100. this price is purely based on the market speculation and on the condition of American economy. hedging manager/funds are investing in the commodities and this led the price increase. Wait for sometime and you will see that oil is trading between $90 to $100
By Shiv Shankar, Research Associate/Analyst, ABC  09 21 2008 21:20:54 +0000
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Yes, and if they don't then they have to, no other option, so its better that they accept it.
By Ranjan Bhaa, Product Development Manager, ONGC  | 09 07 2008 11:20:28 +0000
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Well, people are still thinking that the prices would go down, and with it coming down, you never know, the expectations might come true.
By Ajay Kumar Shukla, Product Development Manager, Reliance Petroleum  | 09 07 2008 11:22:27 +0000
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