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, says the real price for crude should be 70-to-75 dollars a barrel, but the market has overshot itself. He says further drops are expected. (Pashooten adds just because crude is falling it should not be considered a buying opportunity.)

Date: 2014-12-12
Placeline: OTTAWA.
Source: The Canadian Press
Length: 13 seconds

Transcript Prediction: << We Believe Warriors is somewhat under value based on where it should be baseball in relation to demand it doesn't mean that it won't go down more before it starts to go back up >>