Will Oil Drop Below $20 a Barrel?

Aug 28, 2015, 09:09 AM

A grim prediction on the price of oil for the months ahead.

Professor of Petroleum Accounting at RGU Alex Russell thinks Brent Crude could drop to $20.

This week has seen a barrel fall below $45, although it has rallied slightly overnight.

But if the Chinese economy continues to falter, and Iran is allowed to export more oil, things could get worse over the next six months: