Extreme bears are betting oil is going as low as $25, $20 and even $15 a barrel in 2016

Posted on by Nkozi Knight

  
Oil speculators are buying options contracts that will only pay out if crude drops to as low as US$15 a barrel next year, the latest sign some investors expect an even deeper slump in energy prices. The bearish wagers come as OPEC’s effective scrapping of output limits, Iran’s anticipated return to the market and the…

http://feedproxy.google.com/~r/FP_TopStories/~3/UOfTtQiBtHs/extreme-bears-are-betting-oil-is-going-as-low-as-25-20-and-even-15-a-barrel-in-2016

Published by Nkozi Knight

Nkozi Knight is a finance expert with over 20 years of experience. He is a proud graduate of Marquette University where he also serves on their National Alumni Board of Directors. Nkozi is also a graduate of Marquette’s Future Milwaukee Community Leadership program. He is the owner of GreenHomeHub, Knight Investment Group, and Bodhi Photography Studios.

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s