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The Oil Patch

(above) is for the day after OPEC met and rolled over its quotas for another quarter.  The market essentially expected OPEC to do just what it did, so there was no impact on the market afterward; the impact had already been cranked in.  In general, however, the price is continuing to march upward (see monthly averages below) and more and more people are talking about the possibility of $100-a-barrel oil in the new year.

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