Even if the price of crude oil fell after last week’s earthquake in Japan, the final price may rise as refineries here try to make up for some of the losses to Japan’s refining capacity.
That damage and Japan’s shattered economy are reducing the need for oil in that country - a chief reason oil prices remained stable Monday, analysts said. But, there is a but - the loss of power from shutdown nuclear power plants will have to be made up eventually with more oil.
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