Wednesday, June 11, 2008

In "Oil Services Stocks Are Price-Proof" Federated Investors' Phil Orlando says oil prices may sink as low as


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In "Oil Services Stocks Are Price-Proof" Federated Investors' Phil Orlando says oil prices may sink as low as: Answer: $110 to $100 range

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In "Oil Services Stocks Are Price-Proof" Federated Investors' Phil Orlando says oil prices may sink as low as

Oil Services Stocks Are 'Price-Proof'

"Given the fact that the Fed has stopped cutting interest rates, and the fact that we're now seeing some early stages of demand destruction among drivers here in the U.S., crude is probably going to work lower, maybe down into the $110-$100-a-barrel area over the next couple of months."