The Canadian Press

2014-12-12 | Oil Prices

Preview Clip

Oil prices have dropped further after the International Energy Agency lowered its forecast for global oil demand next year. Oil has dipped below 60 dollars a barrel. Kash Pashootan, portfolio manager at First Avenue Advisory in Ottawa, tells us where he feels oil should really be. (In its monthly oil report, the agency said global oil demand in 2015 will grow by 900 thousand barrels a day -- 230 thousand less than previously forecast, to 93.3 million barrels.)

Date: 2014-12-12
Placeline: OTTAWA.
Source: The Canadian Press
Length: 20 seconds

Transcript Prediction: << I would tell you that a healthy price for oil and somewhere around seventy two $75 5 because we don't have any Clarity on geopolitical Angela what's going on with what's going on with with OPEC >>