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Февраль
2020

Oil Could Drop To Mid-$40s As Demand Crumbles

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With WTI sliding below $50 on Sunday evening, expect even more downside according to S&P Global Platts' Claudia Carpenter, who writes that oil prices will probably drop to the "mid-$40s" a barrel in the next couple of weeks because of weak demand, according to Matt Stanley, director of Starfuels commodities brokerage. Supply isn't an issue but demand is and demand growth is so fragile that an excuse like coronavirus has caused the 15% drop in prices the past few weeks, Stanley told the 7th annual Global Commodity Outlook…



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