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How low can oil go? One forecast sees $5 a Barrel. #Bloomberg
10:40, 20.03.2020

Oil traders struggling to navigate one of the biggest oil crashes in history say the worst is yet to come.Even after plunging about 60% this year to the lowest since 2003, prices will likely drop further to $20 a barrel or below, according to a survey of traders from some of the world’s biggest oil companies and merchants. Analysts from Goldman Sachs Group Inc. to Citigroup Inc. also expect prices to extend declines in the coming months, with some even speculating certain regional prices could go negative as markets try to send signals to halt supply.

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