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By Richard Fernandez

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October 11, 2008 - 8:10 am - by Richard Fernandez
Charles
2008-10-11 17:59:15

Oil’s Outlook Darkens

MF Global energy analyst Andrew Lebow said he — and likely the market — strongly expect the IEA to further revise demand estimates downward in the coming months.

“We now know that the global economy couldn’t really handle prices above $100 and OPEC will have to figure out a price the economy can handle,” Lebow said.