Terrifying Consequences for World if Oil Price Drops to $40

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by trusted insight posted 6years ago 1649 views
As the price of oil drops below $50 for the first time since 2009, noted investor Jeffrey Gundlach warns that a fall to $40 dollars a barrel could spark “terrifying” geopolitical consequences. The February contract for West Texas Intermediate briefly fell to a session low of $49.95 earlier today, while Brent crude also hit a 5-½-year low.