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2010 April 16   09:46

Oil prices outlook, a dramatic slump

There are no basic prerequisites for the crude oil growth with accumulating negative trend on the crude oil market, the FINAM experts say citing the analyst of FC UMIS. The negative tendency may soon prevail, and speculative market players could not resist these negative factors any more in future.

The market analysts say they look for crude oil prices to rise by $87 to $92 or running higher, adding that crude prices will most likely slump dramatically.

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