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Reuters: Shell Canada sees oil prices falling

Reuters: Shell Canada sees oil prices falling

Wed Jun 22, 2005

NEW YORK (Reuters) – The chief executive of Shell Canada Ltd. on Wednesday predicted the price of oil would almost certainly fall, though he did not say how far or how fast it would come off of current record highs.

“The fundamentals will tell you that the price should come down,” Clive Mather said at the Reuters Energy Summit. “Personally I think it’s almost inevitable that they will come down.”

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