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Old 06-09-2009, 03:10 PM
trent trent is offline
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Join Date: Jun 2008
Posts: 387
Default Oil - Where do you see it by the end of the year?

Oil went above $69 today, but I think that it doesn't have much upside left right now. I'm waiting for a pullback to at least $50 before buying, because I think it went up too far, too fast. Nevertheless I think oil will end 2009 over $60.
What's your take on this?
No debt
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Old 06-10-2009, 01:41 PM
bullish bullish is offline
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Join Date: Jul 2008
Posts: 155

Oil will go down because it's too expensive. The recovering economies might support it a little, however price over $40 is too high in my view.
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Old 06-10-2009, 03:06 PM
Canadian Canadian is offline
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Posts: 415

It won't end the year above $60 in my opinion, unless there is a huge devaluation of the USD meanwhile.
Bear with me please
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