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228 comments on DrumBeat: June 30, 2006

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tate423 on June 30, 2006 - 10:05am Permalink | Subthread | Parent | Comments top
Is this the average contract price paid or are we talking the spot market?  If it's the latter, I assume they want to make people feel real fuzzy inside.
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Nate Hagens on June 30, 2006 - 10:44am Permalink | Subthread | Parent | Comments top
wall street firms have collectively predicted lower oil prices for the past 6 years and been wrong each time. no one wants to be the outlier -if they are right they look like geniuses but if they are wrong their career is at stake. this year was the first in 7 where some major firms predicted higher prices. merril lynch not one of them
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