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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (80234)3/20/2020 2:24:11 PM
From: Goose94Read Replies (1) | Respond to of 203382
 
Crude Oil: US$5 oil is possible.

Citigroup laid out a pessimistic scenario in which WTI falls to $5 per barrel. Energy Aspects said Brent could fall to $10. Mizuho Securities said some oil could even fall into negative territory absent shale shut ins. “This is Operation Desert Storm, Enron, 9/11, Hurricane Katrina/Rita, Lehman Bros, combined,” Stephen Schork, president of the energy consultancy Schork Group Inc., told Bloomberg.