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Nomura Predicts $220 Oil If Just Libya, Algeria Cut Output

02-23-2011 • ZeroHedge.com

Waiting for a Saudi revolution before buying those $200 oil calls? It may be time to reevaluate: according to Nomura a halt in just Libyan and Algerian oil production (far more likely than the crisis spilling over to Saudi) would send oil to over $22

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