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Energy Strategy: IHS CERA

Look Out Below: Why Did Oil Prices Plunge $20?

Published: 6/7/2012

Oil prices have plunged recently as the market’s focus has shifted firmly to worries about a deepening eurozone crisis and a weakening global economy. IHS CERA is lowering our oil price outlook further, though we expect OPEC to attempt to support prices if Brent falls significantly below current levels.

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