AI
Exxon Falls on $25 Crude Forecast
wonder how that affect ERX and ERZ
Crude oil tumbled 6.8 percent to $43.59 a barrel in New York, the lowest price since January 2005. It has plunged 70 percent since the closing record of $145.29 set in July and may fall below $25 next year if the recession that’s slashing fuel demand around the world spreads to China, Francisco Blanch, commodity strategist at Merrill Lynch, wrote in a report today.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aIUEV3pCOJeo&refer=home
wonder how that affect ERX and ERZ
Crude oil tumbled 6.8 percent to $43.59 a barrel in New York, the lowest price since January 2005. It has plunged 70 percent since the closing record of $145.29 set in July and may fall below $25 next year if the recession that’s slashing fuel demand around the world spreads to China, Francisco Blanch, commodity strategist at Merrill Lynch, wrote in a report today.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aIUEV3pCOJeo&refer=home
