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Predicting the Price of Oil

The price of oil is the topic of interest in the media right now. Some reports say it’s going up other reports say it’s going down – who do you believe?

For consumers it’s cheaper at the pump and that’s welcoming but the lower price is strangling businesses and nations who are dependent on it as their primary export.

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The price of oil is the topic of interest in the media right now. Some reports say it’s going up other reports say it’s going down – who do you believe?

For consumers it’s cheaper at the pump and that’s welcoming but the lower price is strangling businesses and nations who are dependent on it as their primary export.

A forum user on PropertyTalk has recently posted an interesting tally of news items published over the last couple of weeks – predicting the price of oil.Some say “Oil will probably continue to decline and could reach as low as $30 a barrel, while at the other end of the scale, another prediction is it could reach $200 a barrel.

Clearly no one really knows exactly where the price of oil is heading and with such a huge disparity between the predictions offered in news items online I wonder if they should make the news at all?

Whatever the outcome, there’s no doubting the wake up call received by the businesses and nations gravely affected by the current oil price. Hopefully it’s not too late for them to recover and plan for their future survival.

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