Oil under $40/bbl on OPEC production, may hit $20s in 2016
US WTI crude oil futures traded under USD 40 a barrel on Monday, while Brent oil future are hovered around USD 42 a barrel, having tanked more than 4 percent since OPEC's decision on Friday to keep its production ceiling at about 30 million barrels a day. Oil has now lost more than 50 percent over the past 18 months.