Crude Oil Near End Of Correction

Sept. 2 - S&P's Chief Equity Technical Strategist Mark Arbeter notes that crude oil prices have been hit hard lately and have finally fallen into the zone of support we have been looking at, between $100 -$110. S&P believes the majority of the sell-off is now complete, and looks for some basing action between the $100 to $120 level.

Business Week | September 2, 2008

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