Forget $20 Oil: StanChart Says “Prices Could Fall As Low As $10 A Barrel”
by Tyler Durden
ZeroHedge.com
01/12/2016
“Given that no fundamental relationship is currently driving the oil market towards any equilibrium, prices are being moved almost entirely by financial flows caused by fluctuations in other asset prices, including the USD and equity markets,” Horsnell said. “We think prices could fall as low as $10/bbl before most of the money managers in the market conceded that matters had gone too far.”
The Rest…HERE
