Oil could crash to $10 a barrel, warn investment bank bears - Telegraph:
"Oil prices have crashed to below than $30-a -barrel amid warnings the price rout could reach as low as $10 and bring down petrol prices to levels last seen in 2009.
Standard Chartered became the latest major bank to downgrade its oil outlook to $10, joining the likes of Goldman Sachs, RBS and Morgan Stanley in making ultra-bearish calls as prices have collapsed by 15pc this year.
Brent crude has now slipped to a fresh 12-year low of $30.41 a barrel, while West Texas Intermediate - the US benchmark - is trading at $29.93. Analysts warn the oil market remains fundmentally out of balance as record over-supply and stagnant demand weighs on traders."
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