June 8, 2023

Standard Chartered: Oil poised to plunge to $10 a barrel

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From Newsmax One bearish investment bank now warns that the price of oil may continue to plunge until it hits $10 a barrel. Standard Chartered became the latest major bank to downgrade its oil outlook, predicting crude will tumble to $10. The bank joins Goldman Sachs, RBS and Morgan Stanley in making ultra-bearish calls as prices […]