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 Orrin Judd at January 12, 2016 4:59 PM