Futures analysis may indicate crude oil rally

01/5/2009 | Bloomberg

If history repeats itself this year, crude oil prices could mirror the rally that took place 10 years ago. Bloomberg reports that the "forward curve" of futures contracts indicates that crude oil will rise 28% to $60.10 a barrel by December. Investors are already becoming more bullish about the market as OPEC attempts to stabilize prices by cutting output and banks put trillions of dollars into the global financial system.

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