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Is oil returning to US$100 or dropping to US$10?

The most likely scenario is that WTI futures will bounce around current levels for a while before gradually recovering to the US$60-70 per barrel level.

IF you have been following the price of oil over the last few months, the chances are you're a little confused. On the one hand you have the likes of A Gary Shilling who, in a recent Bloomberg article, loudly trumpets the prospect of oil at US$10 a barrel, and on the other there is T Boone