2006-09-20 21:58:27 · 9 answers · asked by pere_trappiste 2 in Business & Finance ➔ Investing
A very good question I don't believe anyone knows the answer to. $80 per barrel was obviously too high, will $60 hold? If you believe the "peak oil" theory, you would not believe oil could drop much more from here. Personally, I think the price may drop a little more from here to perhaps $50 before rising again.
2006-09-21 11:45:31 · answer #1 · answered by perdidobums 5 · 0⤊ 0⤋
As per Saudi Arebia experts crude is likely to fall below $60.
2006-09-21 07:34:53 · answer #2 · answered by slimshady3in 4 · 0⤊ 0⤋
In the end it will be almost free. “The Stone Age did not end for lack of stone, and the Oil Age will end long before the world runs out of oil.”, said Sheikh Yamani.
2006-09-21 05:07:32 · answer #3 · answered by Sangmo 5 · 0⤊ 0⤋
expected to trade between 60-65$/bbl till the end of this year.
2006-09-21 07:18:45 · answer #4 · answered by MSFinances 2 · 0⤊ 0⤋
the extreem possibility is 58 dollers
2006-09-21 07:43:33 · answer #5 · answered by c2 brahmin 2 · 0⤊ 0⤋
Don't know, but you can bet they won't let that go on to long.
2006-09-21 05:07:31 · answer #6 · answered by tracy211968 6 · 0⤊ 0⤋
When you find out, let me know
2006-09-21 08:11:30 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Until they're free, I hope.
2006-09-21 04:59:19 · answer #8 · answered by ThatLady 5 · 0⤊ 1⤋
$7.50 USD
2006-09-22 18:58:47 · answer #9 · answered by Anonymous · 0⤊ 1⤋