Oil Prices Still Collapsing: Saudi Arabia & Russia Go for the Knock Out On US Shale Oil?

Oil futures have crashed (again!) after being open for only a few hours of trading! Oil futures have dropped more than $10/barrel already just tonight with oil prices down around 30% since the first week of January 2020. 

Goldman Sachs is even predicting that oil prices may go into the low to mid 20s before the oil bear market is over. A lot of this is because of how oil, gasoline and jet fuel demand has collapsed in China.

- Source, Wall St for Main St