OIL BELOW $45 FOR THE FIRST TIME IN SIX YEARS
Jan 13, 2015, 12:26 IST
The price of West Texas Intermediate oil just slumped below $45 for the first time since 2009. It's fell 5% yesterday, and as of 6.52 a.m GMT (1.52 a.m ET) its already down another 2.42%.
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It's reasonable to start talking about how low oil can go. Goldman Sachs thinks that could be $40 for the first half of the year. It's down 59% already since mid-June last year.
If WTI falls another $4 per barrel, down to below $41, it'll be testing territory that hasn't been seen in a decade.
Investing.com, Business Insider