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Focus on Crude Oil: Blowout?
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| By: Steve Platt (08/19/2008)
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The drop in oil prices from a high of $147 to a low below $113 per barrel has given rise to talk of demand destruction undercutting values. Undoubtedly, the high prices have provided a strong headwind to usage in many areas. However there are a variety of factors to consider when trying to determine how far demand will be cut back on a global basis. These considerations include:
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