Bank of Montreal Asks If “Oil Prices Could Collapse To $20”; Answers: “Yes”
by Tyler Durden
ZeroHedge.com
12/27/2015
Q. Could oil prices collapse to $20?
A. The short answer is ‘yes.’ We believe that crude oil prices could fall further unless global oil production is reduced. We believe that the weakness in crude oil prices reflects a combination of fundamental factors and financial flows. Fundamentally there is simply too much oil… the current supply-demand balance is not sustainable; something has to give.
The Rest…HERE
