Crude Prices Seen Staying Below $70 A Barrel Over The Next Year

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With the price of oil near levels not seen since the depths of the financial crisis, analysts are increasingly bearish on whether crude can break out of its year-long slump.

A survey of 10 investment banks by The Wall Street Journal is forecasting that the price of oil will stay below $70 a barrel until late next year. That is down from more than $100 a barrel a little over a year ago.

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