Pundits say oil price could crash to $US20 a barrel
After five years of relative stability, the crashing oil price is the energy story of the moment. Since June 2014 oil has tumbled more than 55 per cent.
After five years of relative stability, the severity of the oil price crash has taken many in the market by surprise. Since June 2014, when it was fetching about $US117 a barrel, oil has tumbled more than 55 per cent.
It is now hovering about $US50 a barrel, the lowest since July 2009, when it plunged to $US60.86.
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Lisa Visentin is the North Asia correspondent for The Sydney Morning Herald and The Age. Connect with Lisa on Twitter.
