Oil forcast

LONDON, Nov 13 (Reuters) - World oil prices could easily fall below $50 a barrel and might even slip towards $40 or perhaps $35, but they will recover and could do so fairly quickly, analysts and economists say. Benchmark U.S. crude futures <CLc1> dropped to a 22-month low under $55 on Thursday as evidence mounted that the deepening recession would have a severe impact on demand, reducing the use of oil by industries and individuals alike. Oil has now fallen more than 60 percent from July… More information...

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