Get used to paying less at the gas pump. Oil prices are expected to stay at their currently low levels, and possibly even drop further, due to a “perfect storm” of risk factors, analysts say.
Oil prices continued to flirt with yearlong lows Monday. November Brent crude futures were down about 1.7 percent to trade near $88.50. WTI crude oil also dropped, albeit by a less dramatic amount, to near $85.49.
Those decreases may only be the beginning though, according to analysts. Dan Stobler, a managing director and partner at HighTower Bellevue, said the market could see oil prices come as low as the mid-70s in the next few months.
CNBC
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