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Greenspan Suggests Oil Prices Have Probably Bottomed Out at $40

  • Former Fed chairman comments in Rock Creek Group client call
  • Greenspan also calls Chinese economic system ‘unsustainable’
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Bart Chilton: Oil Driven by Fundamentals, Not Regulation

Former Federal Reserve Chairman Alan Greenspan suggested that oil prices have probably bottomed out at about $40 per barrel after tumbling more than 20 percent in the past two months into a bear market.

QuickTake What Sets Oil's Prices