Bloomberg | World's Biggest Oil Trader Sees $50 Floor for Crude Prices Bloomberg Vitol Group, the world's biggest independent oil trader, said crude prices won't drop below $50 a barrel for sustained periods because that's a level some producers need in order to invest in new supply. Gunvor Group said a rout is over. “We still ... Oil prices have hit their lows, says Vitol chief Ian Taylor UPDATE 1-Oil unlikely to hit new 2015 lows - traders World's biggest oil trader says crude price can't drop much more |