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The Oil Patch

The price at the bottom right of the above chart is $88.92.  That is almost the same as the price on the last trading day of 2010.  The price of an OPEC barrel has now fallen $35.67 or 29 percent since the recent high of $124.59 reached on March 13, which is just off the left side of the above chart.  That’s a big drop in just 16 weeks.

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