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December 14th, 2014:

Oil price to dip to $50 or even lower?

Screen Shot 2014-12-14 at 16.54.27By John Donovan

Recognising the seismic significance of the continuing collapse in the price of oil, The Sunday Times devoted several articles to the subject last weekend.

It has done the same again this weekend, with coverage in the main newspaper and in the Business Section.

Oil price slump puts explorers up for grabs

Predators circle…

Extracts from above linked article by Danny Fortson

THE plunging oil price has unleashed chaos on the london market, with some listed oil explorers trading for less than their cash reserves and others eyeing takeovers at levels that were unthinkable just a few months ago. Since hitting nearly $115 a barrel this summer, the price of oil has plummeted 45%. Brent crude closed on Friday at $61.5. The fall is likely to lead to a flurry of collapses and long-coveted deals amid predictions that the swoon will continue into 2016 and could see the oil price dip to $50 or even lower. read more

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