Summary
OIL prices could tumble below $25 a barrel next year, research showed, hammering oil producers and delighting motorists.
Merrill Lynch said the global downturn could prove so severe that fuel demand craters in 2009, leading crude to revisit lows last seen in 2002.See the full content of this document
Extract
Oil Prices Are Heading for $25 a Barrel
Crude yesterday fell to $45.30 in New York, the lowest price ...
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