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Video: Higher Oil Prices Is Not the Only Scenario

October 30, 2009 at 12:24 by Andriy Moraru

Some commodity traders are confident in the long-term oil growing prices and believe that such growth is inevitable as the oil supply is going to diminish, while the demand from world’s biggest emerging economies (like China) is going to rise. Charles MacKinnon in his interview to CNBC explains how this scenario may not be the only probable result of the events. It’s highly probably, but also a decline of oil is possible in case of the global demand slump, which could be a result of another recessive wave on the financial markets.

CNBC interview of Charles MacKinnon, Thurleigh Investment Managers.

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