Tuesday, January 26, 2016
Oil Price : The Fundamentals do not justify Oil at $30
Oil prices can go lower even from current levels but if they’re going lower toward $20 a barrel, I don’t think they can stay there. At that point there’ll be producers that cannot produce profitably and they’re going to cut back on production. By year end, it has to be above $40 because the fundamentals do not justify oil at $30.
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics