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Will Oil Stay Below $100 Per Barrel?

Reaching levels not seen since July 2012, Brent crude oil, the international benchmark, plunged below $100 per barrel. The $100 level is where OPEC has publicly stated it would like the price to remain, so its members might have to curtail production if it wishes for the supply and demand dynamic to maintain that price.

Here in the United States, oil producers are watching the price very closely as many need oil to stay above $80-$90 per barrel to remain profitable. If prices fall any further we could see the crude oil market suffer the same fate as natural gas did in 2012, when producers cut back noticeably. If this happens, equipment and service companies more reliant than their peers on North America could suffer.

If you're on the lookout for some currently intriguing energy plays, check out The Motley Fool's "3 Stocks for $100 Oil." For FREE access to this special report, simply click here now.

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Taylor Muckerman

Taylor is an Associate GM in our Fool International operations. Prior to that he covered all things Energy + Materials as an analyst. Over the years, he has built an investing skill set to rely on when evaluating companies inside and out. While at the Fool, he has made appearances on CNBC and Fox Business. In addition, he completed his MBA at the University of Maryland and will sit for the Level II CFA Exam.

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