Morgan Downey

After rallying for around three weeks, oil has again started to fall, trading below the $50 per barrel mark. While some analysts are predicting it to go as low as $10 soon, commodities trader and Money.net CEO Morgan Downey is of the view that oil will soon rebound to $75 and will be back at $100...

In an interview on CNBC, Morgan Downey, the CEO of Money.net, said that a battle is currently going on between the U.S. frackers and the OPEC. This is the first time in history that crude oil is on decline and the OPEC is saying absolutely nothing. That is highly unusual, thinks Downey. In his...