Cheap oil shock could see $30 per barrel before stabilizing around $70 – Russia is close to financial collapse
Canadian Natural Resources Ltd. Chairman Murray Edwards said crude oil may sink as low as $30 a barrel before rebounding to stabilize at $70 to $75 a barrel, the Financial Post reported. Oil has dropped 38 percent this year and, in theory, production can continue to flow until prices fall below the day-to-day costs at …