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Oil prices will get worse before they get better: Analysts

From cnbc.com

After U.S. crude prices broke below $30 per barrel for the first time in 15 years, the market is asking how low oil futures can go? Most analyses see it rebounding in the back half of 2016, but crude faces significant headwinds in the coming months, experts told CNBC. On Monday, Morgan Stanley joined Goldman Sachs in saying oil prices could dip to $20, and a number of major banks cut their crude cost outlook this week. Standard Chartered even raised the specter of $10 oil. Oil as low as $20 — and perhaps even lower — is indeed possible, said Matt Smith, ClipperData's director of commodity research. "It seemed ... (full story)

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