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What does this mean for oil producing countries?
What does this mean for the rest of the world?
Originally posted by ARNOMANNN
I read on the internet that oil is on it's way down to $20.00 a barrell. I wish I had the link to it.....
Originally posted by downtown436
Wow this is pretty big news. The price of a barrel of oil has fallen by over 100$ a barrel in just a few months.
What does this mean for oil producing countries?
What does this mean for the rest of the world?
Originally posted by OBE1
Today: Oil May Fall Below $25 Next Year, Merrill Lynch Says
Six weeks ago: Oil Heading for $150 a Barrel, Gold for $1500 an Ounce - Merrill
When oil soars...it's the greedy speculators...when it dives...no mention? I find this a bit interesting since speculation amplifies trends, both up, and down...profit being the only incentive. There's also the effects of ongoing fund liquidation to consider.
Anyway, to underscore Merrill's $25-bbl PO....there is currently a pretty heavy position in puts @ strike $30 oil.
Have to admit...I was one of those initially caught-off-gaurd by the radical drubbing in crude
Originally posted by leo123
Never, ever, trust reports like this.