The Week UK | Oil price: who is betting on a recovery in 2016? The Week UK The oil price has been in recovery in recent days. Having hit a post-crisis low of close to $36 a barrel on Monday, it has since rallied and at one point yesterday it was back above $38 a barrel. But this is still a painfully low price, close to 70 per ... How low can oil prices go? Opec and El Niño take a bite out of crude's cost Oil industry cutbacks may not be enough Why it won't be long before oil prices rise again |