US says oil price to drop to $50-60 per barrel

US says oil price to drop to $50-60 per barrel
# 19 November 2014 10:49 (UTC +04:00)

“Most analysts, in his words, predict that the price for WTI oil will drop to $62 in 2015. We remember maximum oil prices reaching $150 per barrel and remember them to fall to $25-30. When the oil price was at the level of $150 many people thought it would increase up to $200. But I never believed it”, he said.

In his words, extraction of shale oil in the U.S. would stop if the oil prices drop to $60 per barrel.

#
#

THE OPERATION IS BEING PERFORMED