Wed 23 Jul 08 | 07:14 PM ET

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Oil Will Sink to $83 a Barrel: Analyst

Wed 23 Jul 08 | 07:14 PM ET

The price of oil, if based on global supply and demand, should be around $83 to $85-a-barrel, according to Hugh Johnson, chairman at Johnson Illington Advisors. He talks oil, with CNBC's Martin Soong & Sri Jegarajah.

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Commodities | Commodities | US Only | Wall Street Basic Resources

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Oil Will Sink to $83 a Barrel: Analyst

Oil Will Sink to $83 a Barrel: Analyst

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