How low can oil go? Much further, some say
The US Energy Information Administration and bank analysts have cut their 2016 forecasts.
Gold is holding up but oil is sliding further as the commodity rout continues.
Crude futures have dropped to about $US30 a barrel in New York and are at a 12-year low.
Lack of demand from China and a worldwide glut in production are key factors.
In overnight trading, US crude settled at $US30.85
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Nevil Gibson
Wed, 13 Jan 2016
Wed, 13 Jan 2016
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How low can oil go? Much further, some say
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