How low can oil go

Livewire
How low can oil go? The chart attached was courtesy of Shane Oliver takes a historical look at oil corrections. Oliver says that the time lag in curbing supply suggests further falls from current levels. On the bright side for consumers Oliver says at current oil prices the domestic petrol price should be $1.25/l which he estimates would equate to a saving of $10/week for an average family.
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
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