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Wednesday, July 30, 2008

Bouncing Oil

Reuters: As oil nears 20 percent "bear" market, bulls unfazed
The 16 percent slump since its record-high close of $145.18 a barrel on July 14 could yet deepen to $100 a barrel, many analysts say, but equally many remain convinced that another surge to as-yet unconquered peaks may lie just months ahead.

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