Will Oil Drop To $20?

WTI crude oil has declined more than 42% from its peak in June, while the Brent has dipped more than 44% in less than six months. The commodities and energy markets have entered into a bear market. Investors and traders are still looking for a bottom, and various price targets are circulating in the financial markets. Perhaps the most bearish floor price for crude oil has been suggested by Reuters reporter, Anatole Kaletsky, who thinks oil prices could slump to $20 per barrel.