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Analysts see oil prices staying above $100 a barrel in 2012, with the potential for an Iran...

Analysts see oil prices staying above $100 a barrel in 2012, with the potential for an Iran disruption embedding a $10-$20 premium in prices. Also seen as contributing to the forecast for +$100 prices is the concerted effort of OPEC nations to keep prices elevated to help fund social assistance programs promised by governments in the Middle East and North Africa in response to the Arab Spring uprisings. WTI crude +0.2% to 99.54.
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Comments (2)
  • Ricardo Espinosa
    , contributor
    Comments (459) | Send Message
     
    This will surely not spur any inflation.
    29 Dec 2011, 01:34 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3531) | Send Message
     
    "Also seen as contributing to the forecast for +$100 prices is the concerted effort of OPEC nations to keep prices elevated to help fund social assistance programs promised by governments in the Middle East and North Africa in response to the Arab Spring uprisings"

     

    So through our fuel purchases, we'll be funding these social programs.
    29 Dec 2011, 07:44 PM Reply Like
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