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And of course, higher profits for oil companies.
Rising Oil Prices Fuels Debate Over Offshore Drilling - FoxNews.com
Rising Oil Prices Fuels Debate Over Offshore Drilling - FoxNews.com
Bloomberg first reported JP Morgan Chase & Co.'s $120 forecast, which said the Organization of Petroleum Exporting Countries, OPEC, is unlikely to increase production in the first half of next year unless prices surge through $100 a barrel. OPEC provides about 40 percent of global supplies.
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