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Prices drop to levels not seen in more than a year, after government report shows larger-than-expected growth in the nation's supplies of crude oil [...]
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Posted by
TheFinancialBlogger
334 days ago, popular 334 days ago
(http://www.intelligentspeculator.net)
Category: Commodities |
Can Oil still go down? Absolutely! Many analysts now have forecasts of 25$/barrel!But I don’t think we will have oil sitting at 30-35$ in 2-3 years.
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To drivers once again grimacing as they tank up, it sounds like a conspiracy. But it has more to do with an energy market turned upside-down that has left gas cut off from its usual economic moorings.
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