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OPEC Cuts Oil-Investment Forecast

OPEC lowered its five-year forecast for oil-field spending by about a third as the recession and increased energy efficiency led to a steep cut in demand estimates.

Oil Rises to 7-Month High, Gasoline Surges, on Goldman Forecast

Crude oil rose to a seven-month high and gasoline surged after Goldman Sachs Group Inc. said prices may reach $85 by the end of the year as demand recovers and supplies shrink.

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