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price of oil

  1. 166 Posts.
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    With the price of oil being just over $75 a barrel now it would be best to wait until September to sell the oil and wait for the price to bounce back up to $80 a barrel, (there is a chance it could go lower but I am an optimist) 180,000 x $5 =$884,500.00 a lot of money to lose. We know the FSO can carry 600,000 barrels but how much of that is water which needs to be treated?. If KIK isn't desperate for money I would prefer to wait for the oil sale.
 
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