| You don’t need to be an economist to know that the oil market is bonkers these days. The price of oil has fallen roughly 70% over the past 18 months to a recent $32 a barrel, with many analysts believing the all-important commodity has further to fall. But could oil prices fall all the way to zero? Yup, at least according to one analysis.
Economists at the Federal Reserve Bank of St. Louis recently took a look at the interplay between inflation expectations and oil prices, and built a model around that. What they found is that if the market’s current inflation expectations are correct, then oil prices are likely to fall all the way to $0 per barrel by mid-2019..............................................Full Article: Source
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