"Oil rate should fall to between $4 and $10 a barrel," it was once predicted by Robert Petcher back in 2009 . If the news source CNBC is to be believed, right now we’ve got more oil reserves than ever. Then why do we have to shell out a larger sum for oil consumption? Well, if the commodity wasn’t traded as an investment instrument, the price of a barrel of oil would have been closer to $10, as said by Peter Beutel, president of Cameron Hanover.
