Outlook for Oil Prices

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Uploaded by on Oct 16, 2007

With oil above $86, a look at how much higher it can go, with John Kiduff (energy analyst at MF Global).

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News & Politics

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  • High crude oil prices are only a part of the whole picture. American oil companies are getting $25 to $27 a barrel to refine it. It costs them $7 to $9 dollars a barrel to refine it. If you think this is a reasonable profit margin I have nothing more to say.

  • OPEC suspended individual production quotas? I haven't heard or read that anywhere else. Interesting times indeed.

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