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As Oil Prices Near $30 Per Barrel, Investment Banks Warn Of $20 Scenario

  • Published in Business


Two international investment banks, Bank of America Merrill Lynch and Morgan Stanley warned Monday that oil prices could fall to a record-low $20 per barrel in 2016. The global corporate and investment bankers at Bank of America Merrill Lynch said oil prices could fall to lower levels during 2016, similar to the predictions of Goldman Sachs and CitiGroup – the investment banks that had warned of similar scenarios in the oil market.

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