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Cibc World Markets

Whatever Happened to $200 Oil?

Jeffrey Rubin | Posted 07.23.2012 | Business
Jeffrey Rubin

If a mea culpa is in order, its roots can be found in the decision to underplay the demand side of the equation. Oil prices plunged to $40 a barrel after economic growth collapsed, taking global oil demand along for the ride. And that same movie is about to play out again.