| The epic oil crash could end next year. But before prices start climbing higher, they could go even lower. It's been a catastrophic 18 months for crude oil, which has suffered a dramatic 68% plunge due to a massive supply glut. Oil fell to a fresh seven-year low below $34.50 a barrel on Friday.
The collapse in prices has wreaked havoc on the industry, causing tens of thousands of job losses, a surge in corporate defaults and plunging stock prices. Many Wall Street oil experts believe that prices will rebound in late 2016. Yet more pain may be inflicted -- some say it's actually needed -- before prices bounce higher...............................................Full Article: Source
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