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Crude Oil News Update-12 January 2016

Discussion in 'Commodity vs Dollar' started by capitalstars05, Jan 12, 2016.

  1. capitalstars05

    capitalstars05 New Member

    Sep 26, 2014
    Likes Received:
    Crude oil: Analysts also adjusted to the early price rout in the year, with Barclays ,Macquarie, Bank of America ,Merrill Lynch, Standard Chartered and Societe Generale all cut their 2016 oil price forecasts on Monday. marked deterioration in oil market fundamentals in early 2016 has persuaded us to make some large downward adjustments to our oil price forecasts for 2016," Barclays bank said.

    Standard Chartered that took the most bearish view, stating that prices could drop as low as $10 a barrel.

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