What Is the ‘Magic Number’ for the Price of Oil?

What Is the ‘Magic Number’ for the Price of Oil?

April 22, 2016
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By hellenicshippingnews Here’s a number to focus on: $50. That’s per barrel, the price of Brent crude oil at which falling prices started to hurt rather than help shares and other risky assets. Monday’s 6% fall and rebound in oil pushed equities down and back up, once again demonstrating its importance. Brent prices rose 2.6% to $44.03 … Read full story ›

Source:: Hellenic shipping news Oil