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December 13, 2007

Marrill Lynch calls up oil another $10 to $82 in 2008

Yet another Wall Street bank moved up their price target for crude in 2008 after last week's EIA report.  Merrill Lynch raised their price target from $72 to $82.  Read the summary 2008-2010 report here.  They are slowly waking up to reality. They still have a reduction in 2009, but I expect that to change too. 

Posted by Martin at December 13, 2007 8:40 PM

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