OIL IS HEADED DOWN, DRIVEN SOUTH BY THE APPRECIATING DOLLAR AND LOWER DEMAND. THE DEMAND FROM EMERGING ECONOMIES SUCH AS INDIA AND CHINA WAS OVERRATED TO START WITH.
ONCE THE OLYMPICS ARE OVER EXPECT THE OIL TO BE DELOW $100, TRADING BETWEEN $90-$100. THE CONSUMER IS SPOOKED, THE DEMAND FOR OIL WILL CONTINUE TO DECLINE.
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