Oil: If prices top $100, expect 'demand destruction', says analyst

Oil: If prices top $100, expect 'demand destruction', says analyst

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Oil prices have been rising since the summer amid a supply crunch. That has raised a question on Wall Street: How high can crude go before rising energy prices actually hurt demand? On Tuesday West Texas Intermediate (CL=F) traded above $92 per barrel, while Brent crude futures (BZ=F) hovered over…

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