With an oversupply of oil on the market and OPEC afraid that higher prices will impair the U.S. recovery and sap demand, the fundamentals point to an oil price drop in the near term. Yes, markets move on emotion, and fears about unrest in Egypt have reversed that downward price trend, but the drop is probably coming.
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Oil Prices Are Likely to Drop Before They Rally Again originally appeared on DailyFinance on Fri, 28 Jan 2011 15:35:00.