Why this will be the year of $100 oil

Will the oil price average more than $100 this year? The majority of commodity experts polled by Barclays last month thought so. But what happens if there's a severe economic slowdown?

As we near the end of 2007, we can reflect on a roller coaster ride for the oil price but the main question is: what next?

From a low point of just below $50 per barrel in January, prices almost doubled this year, hitting $99.29 a barrel on November 21.

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