Crude oil prices still have a long way to fall: A. Gary Shilling

In February, I predicted that crude oil prices would drop to $10 to $20/bbl. At the time, the price of West Texas Intermediate was $54, down from $74 in November, when OPEC decided not to cut production in order to forestall further price erosion. And that was way down from the June 2014 price of $107. More »