CIBC: Oil to climb to $84 next year
The Associated Press
Oil will likely climb to $84 a barrel next year, eventually rising to $100 per barrel by the end of 2007, CIBC World Markets predicted Sept. 8.
The average West Texas Intermediate oil prices will be affected by both supply and demand factors over the next few years, said the study by chief economist....
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Demand less sensitive to price than thought
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