MARKETS · Markets

Oil price falls for a fourth day in a row

Weaker demand forecasts push the price down towards this summer's support levels. The analysts DN spoke to are split on what happens if they break.

DN Demo Desk · 5 min ago · 4 min read

North Sea crude traded below 78 dollars a barrel on Tuesday afternoon, the lowest level since late June. The drop came after two of the major forecasting houses simultaneously lowered their expectations for global demand next year.

On the Oslo Stock Exchange, oil-heavy companies pulled the benchmark index down by around one per cent. The smaller exploration companies fared worst, falling more than three per cent on average.

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The 76-dollar support has held three times this year. Where the next zone lies, which explorers have already fallen more than three per cent and what it does to next year's dividends — in the rest of this story.

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