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Oil price: no relief in sight as crude hits 11-year low - The Week UK
The Week UK | Oil price: no relief in sight as crude hits 11-year low The Week UK While a fall to those extreme lows is unlikely, oil is expected to drop back to its early 2004 levels of $30 a barrel or less next year before it recovers in a meaningful way. Some experts even predict it will drop as low as $20 a barrel (see below ... How low can oil prices go? Opec and El Niño take a bite out of crude's cost US oil settles at $35.62 a barrel, plunges over 10% for week Oil industry cutbacks may not be enough |
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