Home Oil Is Still Heading to $10 a Barrel
 

Keywords :   


Oil Is Still Heading to $10 a Barrel

2016-06-28 11:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Back in February 2015, the price of West Texas Intermediate stood at about $52 per barrel, half of its 2014 peak. I argued then that a renewed decline was coming that could drive it below $20, a scenario regarded by oil bulls as unthinkable. But prices did fall further, dropping all the way to a low of $26 in February. Since then, crude rallied to spend several weeks flirting with $50 per barrel, a level not seen since last year. But it won't last; I'm sticking to my call for prices to decline anew...

Tags: to oil heading barrel

Category:Electronics and Electrical

Latest from this category

All news

»
23.11Idées de CADRES No.83
23.11 12BOX PREMIUMpack 25th
23.11V2box
23.11
23.11 &
23.11DVD('97/)E11387
23.117
23.11
More »