Market Currents
Friday, December 12, 2008
1:18 PM
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Crude may plunge to $10 a barrel, First Global's chief strategist Devina Mehra says, as waning demand becomes demand destruction. Says OPEC's influence is overrated. (video) Meanwhile Goldman's Arjun Murti, who not so long ago called for $200/barrel oil, now sees $45 in 2009.
This news story has 4 comments:
take the last 3 months trend and extrapolate it forever!
for that you get paid about 10 times the average GM worker's wages!
Analyst that picks oil trading at 200/bbl now says 45/bbl for '09. OMG, it's 45.02 as I write this!
He's good!