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"As long as it is hovering $100 we're on the safe side," he said. "I don't think it's going to drop beyond this. ... My expectation is it will hover between $80-100, depending on the world situation." U.S. benchmark crude prices tumbled to eight-month lows below $82 a barrel Monday following the release of a disappointing U.S. jobs report last week. Prices for Brent crude oil have also dropped sharply to near $97 a barrel.
[Associated
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