KQED Nightly Business Report September 12, 2015
Theres is a chance that prices could plummet to 20 a barrel and the probability of that happening is rising. The report was part of the reason why crude futures fell 3 today to settle at 44. 63 a barrel. Not everyone agrees with that scenario. Jackie has more from the new york exchange. The possible low . 20 a barrel. Lower for longer says the chance is increasingly likely as storage continues to fill. There is a lot of uncertainty. It could be u. S. Production. A 40 barrel, where our base case is set, is the level at which you see a drop in drilling. We saw it today for a drop in rig counts. ...