Gary Shilling:Failed Doha Meeting

Gary Shilling:Failed Doha Meeting – Oil Headed for $10

Posted by Business Insider

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Gary Shilling has re-upped his bold forecast for oil to fall to $10 a barrel.

OPEC oil cartel members and nonmembers, who collectively pump out about half the world’s oil, met in Doha, Qatar, on Sunday to try to agree on production limits. The aim was to provide a boost to oil prices.

However, it all ended without an agreement, in part because Saudi Arabia was not willing to sign anything without Iran on board.

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