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Oil Might Hit $150 by Year-End

12:52 AM ET Fri, 30 May 2008

Oil prices could surge to $150 a barrel by year-end. Christian Blaabjerg, market strategist at Saxo Bank explains why, to CNBC's Stephen Sedgwick & Maura Fogarty. He also shares his inflation outlook for the U.S. and Eurozone.