Saturday, March 07, 2015 12:01:04 PM
Strong dollar, oversupply, lower demand, oil was trading in the mid 20's not too long ago. The longer they try to hold oil up, the harder it will fall. In the near term, to mid 40's ultimately to the low 30's, or even back to the mid 20's again as history has a way of repeating itself, imo.
Source: http://inflationdata.com/Inflation/Inflation_Rate/Historical_Oil_Prices_Chart.asp
Source: http://inflationdata.com/Inflation/Inflation_Rate/Historical_Oil_Prices_Chart.asp
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