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Oil prices may super-spike to $US200 | The Australian
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May 9, 4:22am
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•http://www.theaustralian.news.com.au/...
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From the page: "TIGHTENING supplies of crude oil make it increasingly likely that prices will "super-spike" to between $US150 and $US200 a barrel within the next six to 24 months, Goldman Sachs said.
"We believe the current energy crisis may be coming to a head, as a lack of adequate supply growth is becoming apparent and resulting in needed demand rationing" in the West and especially in the United States, a team of Goldman analysts led by Arjun Murti told clients.
Light, sweet crude for June delivery climbed $US1.87, or 1.6 per cent, to settle at $US121.84 a barrel in New York overnight - after rising as high as $US122.73"
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