Merrill Lynch predicts 25 USD / Barrel

Friday, October 9, 2009

Crude oil may dip below $25 a barrel next year if the recession that’s slashing fuel demand around the world spreads to China, Merrill Lynch & Co. said.

This is the most bearish call I have seen in a while. But the sentiment in the oil pits is so dark that oil traded lower today even with a falling dollar.

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