Pumping the fear factor out of oil

(CNNMoney.com) — This morning oil dipped below $70 a barrel for the first time since late June — and prices may ease even further. Indeed, some analysts say that in two years, oil could be trading $20 lower than that.

Crude has already slid more 8 percent over the last week, pressured by the alleged plot to blow up airliners over the Atlantic, BP’s decision to keep half its giant Alaska oil field open, and the truce between Israel and Hezbollah.
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