28 Sep 07 - Oil prices heading for $100 a barrel

Over the last month oil has risen $10.48 from $70.57 to over $80 a barrel. BusinessSwitch analysts are predicting that oil will break the magic $100 ceiling before spring. Once this ceiling is broken the next barrier will approach $150 in early summer 2008. If world leaders and the markets do not take action we expect oil to peak at $200 in 2008-9.

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