Oil Likely to Plunge Towards $50
![Oil](https://tradersontrend.com/wp-content/uploads/2022/12/oil-1024x683.jpg)
Oil will reach $50 a barrel due to economic weakness induced by global reserve bank tightening and high winter heating bills. But it won’t be there long. With crude oil currently trading between $75 and $80 a barrel, many analysts believe $100 oil is just around the horizon. However, history does not support such a…