Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 10-27-2014, 09:21 AM   #4437
Donger Donger is offline
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Today could be the day where crude closes below $80.00/barrel:

Stocks suffer as US oil prices slide to lowest in almost 2 years

Monday 14:00 GMT. US oil prices are trading at their cheapest in more than two years after Goldman Sachs slashed its price forecast for 2015, a move that is rattling resource stocks and may add to investors’ deflation concerns.

The closely watched Wall Street bank said accelerating US production would outpace demand growth and could force the price of West Texas Intermediate crude to $70 a barrel by the second quarter of next year, and Brent, the global benchmark, to $80.
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