Oil Could Drop To Mid-$40s As Demand Crumbles
By Zerohedge With WTI sliding below $50 on Sunday evening, expect even more downside according to S&P Global Platts’ Claudia Carpenter, who writes that oil prices will probably drop to the “mid-$40s” a barrel in the next couple of weeks because of weak demand, according to Matt Stanley, director of Starfuels commodities brokerage. Supply isn’t an issue but demand is … Read more