December 14, 2012
Merrill Lynch: Oil Could Sink to $50 a Barrell
Steve Hargreaves, CNN
Merrill analysts expect U.S. oil prices to still average about $90 a barrel over the same time period. Global oil prices meanwhile, which more closely dictate the price of gasoline in the United States, are expected to remain high as growth in global oil supplies lags population growth and economic output.
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