13.07.2016 - Oil price could drop below $40 as bullish bets slashed
After falling to another two-month low overnight, the oil price was recovering a little during London trading this morning. International benchmark Brent crude was around 1.7 per cent higher to $47 a barrel. In New York on Monday, it fell below $46 at one point, its lowest since early May. This was below the nadir reached last Thursday, in a week that saw an eight per cent overall decline, the worst in six months. Brent had previously been hovering around $50 a barrel...............................................Full Article: Source
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