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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:
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To: Jacob Snyder who wrote (3790)10/20/2014 10:08:24 PM
From: Jacob Snyder1 Recommendation

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Oil LT: $80 still holding: This is wtic, not brent price. $80 is close to the production cost for all the sources of new production (tar sands, deepwater, shale). All lower-cost oil sources are already fully developed. Therefore, there are good fundamental reasons for support around $80. Any sustained move below $80 would indicate a fall-off in demand (or anticipation of a fall-off).

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