Oil Heads for Longest Run of Weekly Losses in More Than 13 Years – Bloomberg 06-08-12

Predictions:

Jefferies Bache broker Christopher Bellew said we are seeing the effects of a decade of financial imprudence in Europe and the size of the re-structuring needed, so expect significantly lower oil prices short-term.

Read the full article at http://www.bloomberg.com/news/2012-06-08/oil-heads-for-longest-run-of-weekly-losses-in-more-than-13-years.html