Edward Morse, head of global commodities research at Credit Suisse, speaking at Energy Risk’s 14th annual conference in Houston this week, said he believes oil will "stay range-bound between $65 and $90 per barrel (bbl) over the next few years. It should be between $75 and $80/bbl for 2010. Fundamentals all point to a range-bound fashion this year, next year and the year after."
The light sweet crude oil contract on the New York Mercantile Exchange averaged $99.5/bbl in 2008, $61.96/bbl in 200
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