Oil Prices Sink Again! Will $20 Crude Oil Hold?

It’s going to be a big struggle to hold the $20 per barrel price this week. Here’s why…

by Jason Burack of Wall St For Main St

Oil futures are crashing again tonight. They’re currently down over 5% already and it is going to be a big struggle for WTI to hold the $20 barrel mark this week. It looks like oil prices are going to go way below $20/barrel in the near future while oil refiners race to cut production and clear inventory for cash. There’s also almost zero oil storage space left.