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Cold Weather Driving Oil Prices Higher

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Uploaded by on Jan 8, 2010

Investors are seeing new opportunities to make money on oil. The price of crude oil rose to its highest level in 15 months on Wednesday amid speculation that a weak dollar and cold weather across many parts of the world will boost energy demand. But despite increasing demand in emerging markets, some say higher inventories and recessionary pullbacks in the West could drive prices lower. VOA's Mil Arcega reports.

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