Crude crude and the news

From Bloomberg

$25 Oil

Crude traded below $50 for a fourth straight day, down from a record $145.29 in July. It may fall below $25 next year if the recession that’s slashing fuel demand around the world spreads to China, Francisco Blanch, commodity strategist at Merrill Lynch, wrote in a report today.

Thurgy: From Goldman's $250 call to Merrill's $25 call, both called for the same year (2009),  just 6 months apart.   Goldman was probably short along side of their "$250 target" with the caveat (it might pull back).  Merrill's price target is much more realistic and in tune with reality.  

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