One influential investor has told CNN that oil prices could drop as low as $15 a barrel.
One influential investor has told CNN that oil prices could drop as low as $15 a barrel. David Kotok of Cumberland Advisors, who manages $2 billion of assets, says we could see oil at $15 or $20 “easily”. Western Canadian Crude is already in that range and CNN says that the supply glut could well worsen putting additional downward pressure on prices globally.
