January 12, 2016

THERE IS NO FLOOR:

Oil crashes to $30 a barrel (Matt Egan, January 12, 2016, CNN Money)

Oil plummeted below $30 a barrel on Tuesday for the first time since December 2003. The latest wave of selling leaves crude oil down 19% this year alone. It represents an incredible 72% plunge from crude oil's June 2014 peak of almost $108.

"The fundamental situation for oil markets is much worse than previously thought," Barclays commodities analysts wrote in a client note.

Posted by at January 12, 2016 4:59 PM

  

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