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Following yesterday’s spike and late-day fizzling of oil prices, it is time to look back at the action over the past year and consider whether or not oil and natural-gas companies remain in a position to increase their cash flow in a big way.
On Monday, prices for the continuous front-month contract for West Texas Intermediate crude oil CL00 on the New York Mercantile Exchange shot up as high as $119.48 a barrel, before settling at $94.77.
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