http://money.cnn.com/2014/12/31/investing/crude-oil-52-dollars-even-lower/index.html?iid=HP_LN
Look out below! The plunge in oil prices may not be over just yet.
Oil took another hit Wednesday, sinking below $53 to a level last seen during the Great Recession. It's hard to recall that crude oil traded for over $100 a barrel as recently as July. Few saw the energy meltdown coming. Now that it's here, industry analysts warn another move lower is possible as the momentum remains firmly to the downside. "If this doesn't hold, we could go back to price levels in late 2008 and early 2009 -- down in the $30s. There's no reason why it couldn't happen," said Darin Newsom, senior analyst at Telvent DTN.
The market will probably follow suit in early 2015, just as it did in 2008.
http://money.cnn.com/2014/12/31/investing/crude-oil-52-dollars-ev...
-
- There are more pages in this discussion • 106 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$24.19 |
Change
0.120(0.50%) |
Mkt cap ! $45.93B | |||
| Open | High | Low | Value | Volume |
| $23.95 | $24.25 | $23.90 | $62.56M | 2.591M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $24.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.19 | 11470 | 3 |
View Market Depth
| Last trade - 16.19pm 15/07/2025 (20 minute delay) ? |
| WDS (ASX) Chart |