Oil Seen Heading to $20 by Morgan Stanley on Dollar Strength

  • Dollar, non-fundamental factors are driving prices, bank says
  • Brent fell 10% last week, closing Friday at lowest since 2004

$20 Crude Oil, Is That Really a Possibility?

A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley.

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