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Crude Calculations: Oil Prices Keep Falling; Is $50 Realistic?

Posted on October 09, 2008

Like the value of your retirement nest egg, oil prices continue to march steadily downward. Thursday, crude futures fell almost $2 to $87 a barrel. Where will it end? Where to? (AP)If theres any consensus to be found among oil-market analysts, who are scrambling to revise downard earlier bullish forecasts for the price of oil, crude should settle down at about $75 to $80 a barrel. Unlike some of the scarier, triple-digit forecasts of yoreand the Treasury Departments pricetag for the Wall Street bailoutthose numbers arent pulled out of thin air.Increasingly, analysts are looking at what it cost...

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demand , economic , economy