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10 Oil, $1 Gas
Douglas A. McIntyre
March 19, 2020 6:33 am
Last Updated: March 19, 2020 7:00 am
Oil prices have fallen so far that traders are befuddled. Benchmark West Texas Intermediate crude was over $60 per barrel at the start of the year. It recently fell under $22. Experts say that unprecedented supply married with a plunge in demand because of a contracting global economy will take prices much lower. A growing minority believes that the current price could be cut in half. That, in turn, would press gasoline prices toward $1 per gallon, where they were as recently as 1989.
...
https://247wallst.com/energy-economy/202...l%20St.%29
Douglas A. McIntyre
March 19, 2020 6:33 am
Last Updated: March 19, 2020 7:00 am
Oil prices have fallen so far that traders are befuddled. Benchmark West Texas Intermediate crude was over $60 per barrel at the start of the year. It recently fell under $22. Experts say that unprecedented supply married with a plunge in demand because of a contracting global economy will take prices much lower. A growing minority believes that the current price could be cut in half. That, in turn, would press gasoline prices toward $1 per gallon, where they were as recently as 1989.
...
https://247wallst.com/energy-economy/202...l%20St.%29
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