2015: OIL PRICES DOWN $50/BBL
Crude oil prices are poised to fall below half where they were six months ago, before producers begin dealing with a global glut.
Brent, the global benchmark, will slide to as low as $50 a barrel in 2015, according to the median in a Bloomberg survey of 17 analysts, down from the $115.71 a barrel high for the year on June 19. The grade already collapsed 49 percent since then and needs to fall further before producers clear the current glut, said five out of six respondents who gave a reason.
Brent futures sank in the weeks after the Organization of Petroleum Exporting Countries decided to maintain output even…
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