How Low Can Oil Go?
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Oil prices have been plummeting for months now, and guess what—they keep on plummeting! It's time to ask: how low can they go?
Today the price of a barrel oil fell below $45, its lowest point in more than five years. One Saudi prince says the world will "never" see $100-per-barrel oil again; in fact, abundant supply and faltering demand leads most analysts to think prices could fall even lower soon.
But how low?
$40?
$35?
$30?
$25?
$20?
Nobody knows. Wait and see.
You can read the Wall Street Journal and the Financial Times and every other sophisticated business publication but you're not gonna find a better prediction than this. Sorry.
[Photo: AP]