| Oil prices might have rebounded from multiyear lows but some market bears think the cost of a barrel could still almost halve from current levels by next summer.
U.S. oil prices fell to around $38 per barrel in late August, the lowest level since the depths of the financial crisis, on worries about an economic slowdown in China. Prices have since recovered, to close to $50 a barrel as many investors have grown more confident that a fall in supply will alleviate the global glut of crude...............................................Full Article: Source
|