UPDATE: Explosions, gunfire reported in Central Jakarta https://t.co/XbnJMyElgf pic.twitter.com/szzKEMCAgl
— Bloomberg Business (@business) January 14, 2016
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Day: January 14, 2016
Check out @NBCLA’s Tweet: https://twitter.com/NBCLA/status/687484806184202240?s=09
Check out @NBCLA’s Tweet: https://twitter.com/NBCLA/status/687488980888203265?s=09
Major Bank Warns Oil Price Could Fall To $10 A Barrel
One the United Kingdom’s largest banks is warning oil prices could sink as low as $10 a barrel.
Banking and financial services company Standard Charter said Tuesday, “we think prices could fall as low as $10 a barrel before most of the money managers in the market conceded that matters had gone too far.”
Brent crude briefly hit a 12-year low of $30 Jan. 12, marking an almost 20 percent drop in the price of oil since the beginning of the year. Only two years ago, oil was trading at $100 a barrel.
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