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Oil Trying For The Record

$100/barrel oil is not here yet, but traders keep trying — closed at $98.03 today. Only good news here is that pump prices have declined ever so slightly.

Tom Kloza of OPI Speaking of Oil blog blames high price of oil on Europe. He sees those pump prices as nothing more than a “head fake.” Higher pump prices on the way, but not $4 gas any time soon.

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