Oil soars again but price predicted to fall

25 Apr 2008

A senior analyst has slammed the current oil price on New York Mercantile (Nymex) exchange as “not justifiable” and predicted a significant decrease by the fourth quarter of the year.

As crude oil soared to yet another settlement high of $119.90...

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[Oil]
[commodities]
[New York Mercantile Exchange]
[Nymex]
[futures and options]

“The CME Group remains committed to our clients in Asia, and growing our business in the region continues to be a large part of our growth strategy.”

The Merc says it still has Asia in its sights

Oil soars again but price predicted to fall

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